Nifty moved aimlessly with low volumes and neutral breadth. Important points for today.
1. Nifty down by 0.1% with 0.7 breadth.
2. 559th day since the highs of 6338, 283rd day since the lows of 4531.
Nifty closed below 5900 levels but didnot go down much from friday's level.Nifty is currently sitting at support line and today was 15th day since swing highs of 6082/6111.Timewise Nifty is approaching a reversing point and volumes too are declining and Nifty is at/near support zone.Nifty may bounce from here in short term. Monthly range stands at 159 points.
1. Nifty down by 0.1% with 0.7 breadth.
2. 559th day since the highs of 6338, 283rd day since the lows of 4531.
Nifty closed below 5900 levels but didnot go down much from friday's level.Nifty is currently sitting at support line and today was 15th day since swing highs of 6082/6111.Timewise Nifty is approaching a reversing point and volumes too are declining and Nifty is at/near support zone.Nifty may bounce from here in short term. Monthly range stands at 159 points.
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