Nifty moved in about 60 point range with moderate volumes and -ve breadth. Important points for today.
1. Nifty down by .05% with 0.5 breadth.
2. 537th day since the highs of 6338, 261st day since the lows of 4531.
Nifty failed to go past 6000 levels and settled slightly in the red. Range for this week till today is 95 points and monthly range is 107 points. Breakout/breakdown point should be nearing now.Tomorrow's weekly closing may be flat or in the red.But only follow up early next week may tell about possible next move.This is the 54th week of upmove from 4531.
1. Nifty down by .05% with 0.5 breadth.
2. 537th day since the highs of 6338, 261st day since the lows of 4531.
Nifty failed to go past 6000 levels and settled slightly in the red. Range for this week till today is 95 points and monthly range is 107 points. Breakout/breakdown point should be nearing now.Tomorrow's weekly closing may be flat or in the red.But only follow up early next week may tell about possible next move.This is the 54th week of upmove from 4531.
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