Nifty Sold off from 5750+ levels to close below 5700 with moderate volumes and neutral breadth. Important points for today.
1. Nifty down by 1.35% with 0.75 breadth.
2. 593rd day since the highs of 6338, 317th day since the lows of 4531.
Nifty again closed below 5700 levels after closing in the green for 4 days. Nifty is in 10th week since the reversal from 6100+ levels. Nifty's medium term direction is still not clear as it is either in consolidation mode between 5600-6100 since last 24 weeks or It made a medium term Top at 6100+ and has reversed.Next couple of weeks should make the picture clear for Nifty. Last Quarter range was 507 points and last month's range was 367 points.
1. Nifty down by 1.35% with 0.75 breadth.
2. 593rd day since the highs of 6338, 317th day since the lows of 4531.
Nifty again closed below 5700 levels after closing in the green for 4 days. Nifty is in 10th week since the reversal from 6100+ levels. Nifty's medium term direction is still not clear as it is either in consolidation mode between 5600-6100 since last 24 weeks or It made a medium term Top at 6100+ and has reversed.Next couple of weeks should make the picture clear for Nifty. Last Quarter range was 507 points and last month's range was 367 points.
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