Nifty traded flat with moderate volumes and -ve breadth. Important points for today.
1. Nifty up by 0.1% with 0.62 breadth.
2. 551st day since the highs of 6338, 275th day since the lows of 4531.
Nifty traded in 27 point range and closed flat.Weekly range till today is 69 points.Monthly range remains at 166 points. Nifty is undergoing a phase of extreme compression , as last 2 months range has been 142,166 points only.Looking ahead , I see Nifty has built a base of 6000 for upside shoot , while on downside, Nifty may find support at 5850-5700.This is 11th week of Nifty from the swing lows of 5550 in mid November.
1. Nifty up by 0.1% with 0.62 breadth.
2. 551st day since the highs of 6338, 275th day since the lows of 4531.
Nifty traded in 27 point range and closed flat.Weekly range till today is 69 points.Monthly range remains at 166 points. Nifty is undergoing a phase of extreme compression , as last 2 months range has been 142,166 points only.Looking ahead , I see Nifty has built a base of 6000 for upside shoot , while on downside, Nifty may find support at 5850-5700.This is 11th week of Nifty from the swing lows of 5550 in mid November.
No comments:
Post a Comment