Nifty moved around 5900 with low volumes and -ve breadth. Important points for today.
1. Nifty flat with 0.45 breadth.
2. 639th day since the highs of 6338, 362nd day since the lows of 4531.
Nifty closed flat with -ve breadth and low volumes. Despite breadth being -ve Nifty didn't give up any points. This is indicating of selling exhaustion in the near term, so short term bounce becomes due for now.
1. Nifty flat with 0.45 breadth.
2. 639th day since the highs of 6338, 362nd day since the lows of 4531.
Nifty closed flat with -ve breadth and low volumes. Despite breadth being -ve Nifty didn't give up any points. This is indicating of selling exhaustion in the near term, so short term bounce becomes due for now.
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