Nifty slid below 5850 below amid lower volumes and -ve breadth. Important points for today.
1. Nifty down by 1.0% with 0.42 breadth.
2. 675th day since the highs of 6338, 393rd day since the lows of 4531.
Nifty closed in the red for the 4th consecutive day.Nifty has broken the support zone of 5850-5900 levels now. Unless Nifty takes support over here and makes a bounce, Nifty has entered into short term bear phase. Let's see how next 2 days shape out.Monthly range is 333 points till today. Range expansion on Yearly/Half Yearly time should happen soon , it being 752/333 till now.
1. Nifty down by 1.0% with 0.42 breadth.
2. 675th day since the highs of 6338, 393rd day since the lows of 4531.
Nifty closed in the red for the 4th consecutive day.Nifty has broken the support zone of 5850-5900 levels now. Unless Nifty takes support over here and makes a bounce, Nifty has entered into short term bear phase. Let's see how next 2 days shape out.Monthly range is 333 points till today. Range expansion on Yearly/Half Yearly time should happen soon , it being 752/333 till now.
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