Nifty attempted 5700+ levels but could not sustain so closed below 5700 with higher volumes and neutral breadth. Important points for today.
1. Nifty flat with 1.0 breadth.
2. 604th day since the highs of 6338, 327th day since the lows of 4531.
Nifty continued its forward run at open but could not sustain 5700+ levels. Whether Nifty's dead cat bounce has ended or it may continue will be known in next few days. Better to remain nimble with light positions at this point. Weekly range is 233 points while quarterly range is 256 points and yearly range at 634 points.
1. Nifty flat with 1.0 breadth.
2. 604th day since the highs of 6338, 327th day since the lows of 4531.
Nifty continued its forward run at open but could not sustain 5700+ levels. Whether Nifty's dead cat bounce has ended or it may continue will be known in next few days. Better to remain nimble with light positions at this point. Weekly range is 233 points while quarterly range is 256 points and yearly range at 634 points.
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