Nifty gave up the gains of last 2 days with moderate volumes and -ve breadth. Important points for today.
1. Nifty down by 0.6% with 0.28 breadth.
2. 562nd day since the highs of 6338, 286th day since the lows of 4531,18th day since the highs of 6082/6111.
Nifty closed below 5900 again. Nifty has closed below 5935(january lows) for 5 consecutive days now.Unless Nifty bounces to 5950+ levels tomorrow, chances of breakdown to 5700- level will remain in Nifty over coming days.Range remains same, weekly@90 and monthly@173 points with 10 days to go in this month.
1. Nifty down by 0.6% with 0.28 breadth.
2. 562nd day since the highs of 6338, 286th day since the lows of 4531,18th day since the highs of 6082/6111.
Nifty closed below 5900 again. Nifty has closed below 5935(january lows) for 5 consecutive days now.Unless Nifty bounces to 5950+ levels tomorrow, chances of breakdown to 5700- level will remain in Nifty over coming days.Range remains same, weekly@90 and monthly@173 points with 10 days to go in this month.
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