Nifty broke down below 5700 level today with moderate volumes and -ve breadth. Important points for today.
1. Nifty down by 3.0% with 0.21 breadth.
2. 647th day since the highs of 6338, 370th day since the lows of 4531.
Nifty broke the earlier lows of 5683 today and closed below it.After today's move Nifty should be headed to 5450 levels.depending on How Nifty behaves at 5450, if sustained then downmove should be over but if broken , 5200 is the likely target. Monthly range now stands at 366 points and weekly range is 218 points till today.
1. Nifty down by 3.0% with 0.21 breadth.
2. 647th day since the highs of 6338, 370th day since the lows of 4531.
Nifty broke the earlier lows of 5683 today and closed below it.After today's move Nifty should be headed to 5450 levels.depending on How Nifty behaves at 5450, if sustained then downmove should be over but if broken , 5200 is the likely target. Monthly range now stands at 366 points and weekly range is 218 points till today.
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