Nifty dropped down below 5700 levels with moderate volumes and -ve breadth. Important points for today.
1. Nifty down by 0.9% with 0.44 breadth.
2. 496th day since the highs of 6338, 220th day since the lows of 4531.
Nifty again got resisted at higher 5700 levels and dropped below 5700 levels.Nifty remains in sideways trading range with 5th week of consolidation after 5 weeks of upmove.This week's range was 100 points after 128 points in previous week.Monthly range is 176 points.Unless Nifty closes above 5800 or below 5550 , Nifty remains stuck in sideways trading range.
1. Nifty down by 0.9% with 0.44 breadth.
2. 496th day since the highs of 6338, 220th day since the lows of 4531.
Nifty again got resisted at higher 5700 levels and dropped below 5700 levels.Nifty remains in sideways trading range with 5th week of consolidation after 5 weeks of upmove.This week's range was 100 points after 128 points in previous week.Monthly range is 176 points.Unless Nifty closes above 5800 or below 5550 , Nifty remains stuck in sideways trading range.
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