Nifty slid further with moderate volumes and neutral breadth. Important points for today.
1. Nifty down by 0.7% with 0.9 breadth.
2. 445th day since the lows of 4531, 34th day since the swing lows of 5118.
Nifty closed below 6050 levels and filled the gap 6033-6046 it made few days back. Nifty has closed in the gap, so a bounce might happen from here. Today was 2nd consecutive down day of Nifty. if Nifty sustains above 6080 levels , then Nifty may go above 6156 else if Nifty breaches 5980 level then 5900-5950 level should be seen soon. Today's range was 78 points and Weekly range now stands at 456 points.
1. Nifty down by 0.7% with 0.9 breadth.
2. 445th day since the lows of 4531, 34th day since the swing lows of 5118.
Nifty closed below 6050 levels and filled the gap 6033-6046 it made few days back. Nifty has closed in the gap, so a bounce might happen from here. Today was 2nd consecutive down day of Nifty. if Nifty sustains above 6080 levels , then Nifty may go above 6156 else if Nifty breaches 5980 level then 5900-5950 level should be seen soon. Today's range was 78 points and Weekly range now stands at 456 points.
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