Nifty tested 5800 levels with lower volumes and -ve breadth. Important points for today.
1. Nifty down by 0.95% with 0.66 breadth.
2. 661st day since the highs of 6338,379th day since the lows of 4531.
Nifty moved in 58 point range. Nifty is trading sideways with +ve bias as of now after 2 weeks of +ve closing. This week should clear the clouds about Nifty's medium term move, if Nifty closes in +ve , new Highs may come soon, but if Nifty retraces below 5800 levels on weekly basis, further slide in Nifty may be possible. This month's range till now is 144 points.
1. Nifty down by 0.95% with 0.66 breadth.
2. 661st day since the highs of 6338,379th day since the lows of 4531.
Nifty moved in 58 point range. Nifty is trading sideways with +ve bias as of now after 2 weeks of +ve closing. This week should clear the clouds about Nifty's medium term move, if Nifty closes in +ve , new Highs may come soon, but if Nifty retraces below 5800 levels on weekly basis, further slide in Nifty may be possible. This month's range till now is 144 points.
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