Nifty moved with -ve bias with moderate volumes and -ve breadth. Important points for today.
1. Nifty down by 0.2% with 0.55 breadth.
2. 554th day since the highs of 6338, 278th day since the lows of 4531.
Nifty ended the day in the red.Nifty closed last week below the lows of the week before.This is a bearish signal. 5935 is the low of this quarter so far. Breach of this level on intraday basis will indicate further fall should be likely soon.
1. Nifty down by 0.2% with 0.55 breadth.
2. 554th day since the highs of 6338, 278th day since the lows of 4531.
Nifty ended the day in the red.Nifty closed last week below the lows of the week before.This is a bearish signal. 5935 is the low of this quarter so far. Breach of this level on intraday basis will indicate further fall should be likely soon.
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