Nifty went below 5400 today amid moderate volumes and -ve breadth. Important points for today.
1. Nifty down by 1.7% with 0.43 breadth.
2. 688th day since the highs of 6338, 406th day since the lows o 4531.
Nifty broke below 5477 levels today. Nifty broke the lows after 4 months. Downside momentum remains in Nifty though divergence is there on momentum indicators but price action is not showing signs of exasperation till now.Todays range was 139 points. Quarterly range now stands at 733 points and Yearly range is 869 points. Bias remains -ve .
1. Nifty down by 1.7% with 0.43 breadth.
2. 688th day since the highs of 6338, 406th day since the lows o 4531.
Nifty broke below 5477 levels today. Nifty broke the lows after 4 months. Downside momentum remains in Nifty though divergence is there on momentum indicators but price action is not showing signs of exasperation till now.Todays range was 139 points. Quarterly range now stands at 733 points and Yearly range is 869 points. Bias remains -ve .
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