Nifty further slid down towards 5800 levels with low volumes and -ve breadth. Important points for today.
1. Nifty down by 0.6% with 0.52 breadth.
2. 583rd day since the highs of 6338, 307th day since the lows of 4531, 11th day since the swing lows of 5693.
Nifty closed in the red but just over 5800 levels.Volumes were quite low and breadth -ve but price drop was small.This may be exhaustion of downslide of last 4-5 days.If true Nifty should recover fast and go beyond 6000 levels soon.Range today was 36 points only with 6 days to go in this month.
1. Nifty down by 0.6% with 0.52 breadth.
2. 583rd day since the highs of 6338, 307th day since the lows of 4531, 11th day since the swing lows of 5693.
Nifty closed in the red but just over 5800 levels.Volumes were quite low and breadth -ve but price drop was small.This may be exhaustion of downslide of last 4-5 days.If true Nifty should recover fast and go beyond 6000 levels soon.Range today was 36 points only with 6 days to go in this month.
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