Nifty attempted to bounce above 5650 with moderately high volumes and neutral breadth. Important points for today.
1. Nifty up by 0.35% with 0.67 breadth
2. 650th day since the highs of 6338, 372nd day since the lows of 4531.
Nifty gave up the gains of morning but managed to close in the green.Nifty is showing weakness in its slide, so sideways to bounce may be expected in next few days.Or if Nifty has made a durable bottom, 5850-5900 could be breached soon.
1. Nifty up by 0.35% with 0.67 breadth
2. 650th day since the highs of 6338, 372nd day since the lows of 4531.
Nifty gave up the gains of morning but managed to close in the green.Nifty is showing weakness in its slide, so sideways to bounce may be expected in next few days.Or if Nifty has made a durable bottom, 5850-5900 could be breached soon.
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