Nifty came down further towards 6100 levels amid lower volumes and -ve breadth. Important points for today.
1. Nifty down by 0.7% with 0.53 breadth.
2. 626th day since the highs of 6338, 349th day since the lows of 4531.
Nifty was weak today and closed just above 6100 levels today.Today was 2nd consecutive down day. Nifty has started correcting from 6200+ levels. But at higher levels Nifty has not shown signs of exhaustion as yet so this shoull likely be a correction before another upmove. Weekly range is 127 points in 2 days while monthly/Quarterly range remain at 319/752 points.
1. Nifty down by 0.7% with 0.53 breadth.
2. 626th day since the highs of 6338, 349th day since the lows of 4531.
Nifty was weak today and closed just above 6100 levels today.Today was 2nd consecutive down day. Nifty has started correcting from 6200+ levels. But at higher levels Nifty has not shown signs of exhaustion as yet so this shoull likely be a correction before another upmove. Weekly range is 127 points in 2 days while monthly/Quarterly range remain at 319/752 points.
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