Nifty moved around 5900 levels with moderate volumes and neutral breadth without any direction. Important points for today.
1. Nifty down by 0.25% with 0.67 breadth.
2. 523rd day since the highs of 6338, 247th day since the lows of 4531.
Nifty closed mildly in the red.Nifty remains indecisive and in range between 5820-5965.Breach of extremes should give some indication of further movement.Nifty's Monthly range is 142 points with 6 days to go.Monthly range should see some expansion in remaining 6 days. Yearly range is likely to remain 1378 points as of today, turning to be narrowest range in last few years.
1. Nifty down by 0.25% with 0.67 breadth.
2. 523rd day since the highs of 6338, 247th day since the lows of 4531.
Nifty closed mildly in the red.Nifty remains indecisive and in range between 5820-5965.Breach of extremes should give some indication of further movement.Nifty's Monthly range is 142 points with 6 days to go.Monthly range should see some expansion in remaining 6 days. Yearly range is likely to remain 1378 points as of today, turning to be narrowest range in last few years.
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