Nifty slipped below 5800 today with moderate volumes and -ve breadth. Important points for today.
1. Nifty down by 1.6% with 0.20 breadth.
2. 570th day since the highs of 6338, 294th day since the lows of 4531,26th day since the swing high closing of 6082.
Nifty dropped down below support level of 5800 today. Nifty has opened the gates upto 5500-5600 levels now.Downtrend is 26 days old till today.Weekly range is 130 points and monthly range is 304 points till today.Deeper downsides look less likely from here.
1. Nifty down by 1.6% with 0.20 breadth.
2. 570th day since the highs of 6338, 294th day since the lows of 4531,26th day since the swing high closing of 6082.
Nifty dropped down below support level of 5800 today. Nifty has opened the gates upto 5500-5600 levels now.Downtrend is 26 days old till today.Weekly range is 130 points and monthly range is 304 points till today.Deeper downsides look less likely from here.
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