Nifty dipped below 5700 levels with moderate volumes and -ve breadth. Important points for today.
1. Nifty down by 0.9% with 0.21 breadth.
2. 585th day since the highs of 6338, 309th day since the lows of 4531, 13th day since the lows of 5693.
Nifty closed below 5700 today and retested the earlier swing lows. Nifty remains in downside momentum. Weekly range stands at 181 points till today. Nifty may be forming a short term base here or there could be deep dip below 5550 making a capitulation bottom.
1. Nifty down by 0.9% with 0.21 breadth.
2. 585th day since the highs of 6338, 309th day since the lows of 4531, 13th day since the lows of 5693.
Nifty closed below 5700 today and retested the earlier swing lows. Nifty remains in downside momentum. Weekly range stands at 181 points till today. Nifty may be forming a short term base here or there could be deep dip below 5550 making a capitulation bottom.
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