Nifty moved in 37 point range with moderate volumes and neutral breadth. Important points for today.
1. Nifty flat with 1.0 breadth.
2. 556th day since the highs of 6338, 280th day since the lows of 4531.
Nifty stayed at where it was yesterday. Expect Nifty to bottom out in short term by next week.Nifty's weekly/monthly range is at 94/106 points.If Nifty remains below 6000 levels for another2-3 days, then Nifty may see deeper correction over next few weeks/months.
1. Nifty flat with 1.0 breadth.
2. 556th day since the highs of 6338, 280th day since the lows of 4531.
Nifty stayed at where it was yesterday. Expect Nifty to bottom out in short term by next week.Nifty's weekly/monthly range is at 94/106 points.If Nifty remains below 6000 levels for another2-3 days, then Nifty may see deeper correction over next few weeks/months.
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