Nifty slipped below 5600 levels with moderate volumes and neutral breadth. Important points for today.
1. Nifty down by 1.2% with 1.45 breadth.
2. 488th day since the highs of 6338, 214th day since the lows of 4531.
Nifty's has broken its range on the downside. If the downside limits around here with 50-60 points then this could be the capitulation of the sideways movement of last few weeks. But if Nifty closes below 5500 levels, then further lows could be seen quickly in next few days.Monthly range now stands at 226 points and weekly range is 100 points till today.
1. Nifty down by 1.2% with 1.45 breadth.
2. 488th day since the highs of 6338, 214th day since the lows of 4531.
Nifty's has broken its range on the downside. If the downside limits around here with 50-60 points then this could be the capitulation of the sideways movement of last few weeks. But if Nifty closes below 5500 levels, then further lows could be seen quickly in next few days.Monthly range now stands at 226 points and weekly range is 100 points till today.
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