Nifty moved sideways around 5600 with lower volumes and -ve breadth. Important points for today.
1. Nifty down by 0.4% with 0.54 breadth.
2. 651st day since the highs of 6338, 373rd day since the lows of 4531.
Nifty closed below 5600 amid low volumes but -ve breadth. Nifty seems set for bounce for few days which if sustains longer may indicate that Nifty has again formed a bottom around 5550 levels. Monthly range till today is 445 points and Quarterly range is 752 points.
1. Nifty down by 0.4% with 0.54 breadth.
2. 651st day since the highs of 6338, 373rd day since the lows of 4531.
Nifty closed below 5600 amid low volumes but -ve breadth. Nifty seems set for bounce for few days which if sustains longer may indicate that Nifty has again formed a bottom around 5550 levels. Monthly range till today is 445 points and Quarterly range is 752 points.
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