Nifty attempted to regain 5750 but failed and closed well below 5700 with moderate volumes and -ve breadth. Important points for today.
1. Nifty down by 0.65% with 0.36 breadth.
2. 586th day since the highs of 6338, 310th day since the lows of 4531.
Nifty closed below the previous swing lows of 5663 today.Today was 9th day since the reversal from 5945. Nifty is either attempting a bottom around 5600-5650 or if downside momentum remains then there could be a deep dip.Weekly range stands at 203 points and Quarterly range at 464 points after today with 4 days to go in this month/quarter.
1. Nifty down by 0.65% with 0.36 breadth.
2. 586th day since the highs of 6338, 310th day since the lows of 4531.
Nifty closed below the previous swing lows of 5663 today.Today was 9th day since the reversal from 5945. Nifty is either attempting a bottom around 5600-5650 or if downside momentum remains then there could be a deep dip.Weekly range stands at 203 points and Quarterly range at 464 points after today with 4 days to go in this month/quarter.
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