Nifty hit low 5100 levels at open but recovered to 5300+ with heavy volumes and -ve breadth. Important points for today.
1. Nifty flat with 0.48 breadth.
2. 695th day since the highs of 6338, 413th day since the lows of 4531.
Nifty dipped down to 5100 levels but recovered later in the day. Todays range was 199 points. Weekly/Monthly/Quarterly/Yearly range stand at 410/690/975/1111 points till today. Nifty has closed below 5300 level for 2 consecutive days. Nifty is showing divergence now. 5300 has been broken decisively but bounce is also around the corner soon. Lower levels may come after Nifty stages a bounce.
1. Nifty flat with 0.48 breadth.
2. 695th day since the highs of 6338, 413th day since the lows of 4531.
Nifty dipped down to 5100 levels but recovered later in the day. Todays range was 199 points. Weekly/Monthly/Quarterly/Yearly range stand at 410/690/975/1111 points till today. Nifty has closed below 5300 level for 2 consecutive days. Nifty is showing divergence now. 5300 has been broken decisively but bounce is also around the corner soon. Lower levels may come after Nifty stages a bounce.
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