Nifty was sideways after yesterday's big slide with higher volumes and +ve breadth. Important points for today.
1. Nifty down by 0.4% with 1.5 breadth.
2. 682nd day since the highs of 6338,400th day since the lows of 4531.
Nifty paused today after yesterday's slide. Though breadth was +ve still Nifty closed in the Red. Today was 11th day since reversal from 6093. Nifty is testing the support zone of 5450 now. Unless Nifty crashes down , downside from here in next few days should limit itself to 5400-5450. Weekly range is 235 points and Quarterly range is 607 points now.
1. Nifty down by 0.4% with 1.5 breadth.
2. 682nd day since the highs of 6338,400th day since the lows of 4531.
Nifty paused today after yesterday's slide. Though breadth was +ve still Nifty closed in the Red. Today was 11th day since reversal from 6093. Nifty is testing the support zone of 5450 now. Unless Nifty crashes down , downside from here in next few days should limit itself to 5400-5450. Weekly range is 235 points and Quarterly range is 607 points now.
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