Nifty slid further today with lower volumes and +ve breadth.Important points for today.
1. Nifty down by 0.75% with 1.5 breadth.
2. 486th day since the highs of 6338, 212th day since the lows of 4531.
Nifty closed the week in the Red.Nifty has now been in correction for 3 weeks after 5 weeks of upmove. Nifty should see a breakout/breakdown move soon since it is moving in a narrow zone of about 100 points for last few days.Monthly range is confined to 182 points only till now.This week's range was 79 points only.Yearly range is 1227 points till now.4588-5815 are the endpoints of the range.few 100 points expansion is very much likely probably on upside in coming days.
1. Nifty down by 0.75% with 1.5 breadth.
2. 486th day since the highs of 6338, 212th day since the lows of 4531.
Nifty closed the week in the Red.Nifty has now been in correction for 3 weeks after 5 weeks of upmove. Nifty should see a breakout/breakdown move soon since it is moving in a narrow zone of about 100 points for last few days.Monthly range is confined to 182 points only till now.This week's range was 79 points only.Yearly range is 1227 points till now.4588-5815 are the endpoints of the range.few 100 points expansion is very much likely probably on upside in coming days.
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