Nifty sold off with higher volumes and -ve breadth. Important points for today.
1. Nifty down by 2.1% with 0.2 breadth.
2. 628th day since the highs of 6338, 351st day since the lows of 4531.
Nifty went down below 6000 levels and closed below it. Nifty is now testing the strong resistance level of 6000 before it broke that. Medium term trend remains up while short term is down. Nifty may now move between 5900-6100 zone for next few days. Signals of next move will become clear in next few days. Weekly range of this week is 274 points though monthly/quarterly range remains the same at 319/752 points.
1. Nifty down by 2.1% with 0.2 breadth.
2. 628th day since the highs of 6338, 351st day since the lows of 4531.
Nifty went down below 6000 levels and closed below it. Nifty is now testing the strong resistance level of 6000 before it broke that. Medium term trend remains up while short term is down. Nifty may now move between 5900-6100 zone for next few days. Signals of next move will become clear in next few days. Weekly range of this week is 274 points though monthly/quarterly range remains the same at 319/752 points.
No comments:
Post a Comment