Nifty closed down below 5700 with lower volumes and -ve breadth. Important points for today.
1. Nifty down by 1.1% with 0.3 breadth.
2. 642nd day since the highs of 6338, 365th day since the lows of 4531.
Nifty closed below 5700 today though volumes were low. Nifty has shown divergence today in its fall. A bounce for couple of days should confirm that the short term bottom is formed.Nifty expanded its weekly/monthly range at 248/328 points.
1. Nifty down by 1.1% with 0.3 breadth.
2. 642nd day since the highs of 6338, 365th day since the lows of 4531.
Nifty closed below 5700 today though volumes were low. Nifty has shown divergence today in its fall. A bounce for couple of days should confirm that the short term bottom is formed.Nifty expanded its weekly/monthly range at 248/328 points.
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