Nifty drifted lower again from 5930 levels with moderate volumes and -ve breadth. Important points for today.
1. Nifty down by 0.5% with 0.6 breadth.
2. 527th day since the highs of 6338, 251st day since the lows of 4531.
Nifty drifted lower again.Range for this month till today is only 142 points with only 2 days to go.Sub 200 point monthly range is not recorded by Nifty since last few years.If Nifty expands the range downward in 2 days, then Nifty is headed down but if Nifty stays within this range then uncertainty will continue into next week.
1. Nifty down by 0.5% with 0.6 breadth.
2. 527th day since the highs of 6338, 251st day since the lows of 4531.
Nifty drifted lower again.Range for this month till today is only 142 points with only 2 days to go.Sub 200 point monthly range is not recorded by Nifty since last few years.If Nifty expands the range downward in 2 days, then Nifty is headed down but if Nifty stays within this range then uncertainty will continue into next week.
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