Nifty moved in yesterday's range with moderate volumes and -ve breadth. Important points for today.
1. Nifty up by 0.4% with 0.6 breadth.
2. 560th day since the highs of 6338, 284th day since the lows of 4531.
Nifty after breaking down from 6000 to 5900- is hovering around 5900 levels.Short term chances of rebound are good. Nifty's bounce may take it to upper 6000 levels. If Nifty retraces back to 5900 from 6000+ then chances of Nifty testing lows of 5700- will increase, else if Nifty stays between 5900-6100 levels, then it is likely to test new highs above 6350.Monthly range remains same after today at 172 points.
1. Nifty up by 0.4% with 0.6 breadth.
2. 560th day since the highs of 6338, 284th day since the lows of 4531.
Nifty after breaking down from 6000 to 5900- is hovering around 5900 levels.Short term chances of rebound are good. Nifty's bounce may take it to upper 6000 levels. If Nifty retraces back to 5900 from 6000+ then chances of Nifty testing lows of 5700- will increase, else if Nifty stays between 5900-6100 levels, then it is likely to test new highs above 6350.Monthly range remains same after today at 172 points.
No comments:
Post a Comment