Nifty attempted 5600+ levels but could not survive and closed below it with lower volumes and -ve breadth. Important points for today.
1. Nifty flat with 0.4 breadth.
2. 502nd day since the highs of 6338,226th day since the lows of 4531.
Nifty in last 2-3 days looks like capitulating in its sideways correction. Now if this is correction in an upside , Nifty could move up swiftly from here. But if this has started a bear wave then Nifty could keep on sliding down.The direction should make itself clear by end of this week. Monthly range stands at 229 points till today.
1. Nifty flat with 0.4 breadth.
2. 502nd day since the highs of 6338,226th day since the lows of 4531.
Nifty in last 2-3 days looks like capitulating in its sideways correction. Now if this is correction in an upside , Nifty could move up swiftly from here. But if this has started a bear wave then Nifty could keep on sliding down.The direction should make itself clear by end of this week. Monthly range stands at 229 points till today.
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