Nifty weakened further with moderate volumes and -ve breadth. Important points for today.
1. Nifty for 0.4% with 0.25 breadth.
2. 674th day since the highs of 6338, 392nd day since the lows of 4531.82 weeks since the lows of 4531.
Nifty had weekly close below 5900 levels ie on weekly basis by 2.4%. Weekly range for this week was 224 points.Nifty has broken the support of 5900 levels and closed below it. If no bounce is seen in next 2 days then Nifty may head to 5600-5700 next week.On the other side , if Nifty starts moving up from here then sharp upmove may be possible in next 2 days.
1. Nifty for 0.4% with 0.25 breadth.
2. 674th day since the highs of 6338, 392nd day since the lows of 4531.82 weeks since the lows of 4531.
Nifty had weekly close below 5900 levels ie on weekly basis by 2.4%. Weekly range for this week was 224 points.Nifty has broken the support of 5900 levels and closed below it. If no bounce is seen in next 2 days then Nifty may head to 5600-5700 next week.On the other side , if Nifty starts moving up from here then sharp upmove may be possible in next 2 days.
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