Nifty moved in a narrow range with very low volumes and neutral breadth. Important points for today.
1. Nifty down by 0.2% with 0.74 breadth.
2. 596th day since the highs of 6338,320th day since the lows of 4531.
Nifty moved in 32 point range with very low volumes.Nifty is bumping into the gap support zone of 5450-5525.Bounce is very much expected from this area.What is not yet clear is whether Nifty has done medium term reversal from 6111 or Nifty was consolidating in 5500-6100 zone before starting a new impulsive upmove.This should be known soon in next few days. Monthly range stands at 217 points as of today.
1. Nifty down by 0.2% with 0.74 breadth.
2. 596th day since the highs of 6338,320th day since the lows of 4531.
Nifty moved in 32 point range with very low volumes.Nifty is bumping into the gap support zone of 5450-5525.Bounce is very much expected from this area.What is not yet clear is whether Nifty has done medium term reversal from 6111 or Nifty was consolidating in 5500-6100 zone before starting a new impulsive upmove.This should be known soon in next few days. Monthly range stands at 217 points as of today.
No comments:
Post a Comment