Nifty gave up the early gains to end below 5900 levels with high volumes and -ve breadth. Important points for today.
1. Nifty down by 0.2% with 0.5 breadth.
2. 516th day since the highs of 6338, 240th day since the lows of 4531.
Nifty sold off from 5950+ levels and ended below 5900 levels.Unless Nifty tears apart 6000=+ levels with big thrust , there is good chance of Nifty having topped out at 5950+ levels and completed its medium term move from 4531 levels.First confirmation of medium term Top will be breach of 5838 levels on daily/weekly closing basis. Monthly/Yearly range stands at 127/1378 points.
1. Nifty down by 0.2% with 0.5 breadth.
2. 516th day since the highs of 6338, 240th day since the lows of 4531.
Nifty sold off from 5950+ levels and ended below 5900 levels.Unless Nifty tears apart 6000=+ levels with big thrust , there is good chance of Nifty having topped out at 5950+ levels and completed its medium term move from 4531 levels.First confirmation of medium term Top will be breach of 5838 levels on daily/weekly closing basis. Monthly/Yearly range stands at 127/1378 points.
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