Nifty slid below 6100 levels today with lower volumes and -ve breadth. Important points for today.
1. Nifty down by 0.7% with 0.6 breadth.
2. 452nd day since the lows of 4531, 41st day since the swing lows of 5118, 18th day since the swing lows of 5700.
Nifty today broke the swing low and previous week's low of 6116 and closed below it. Today was the 5th consecutive down day of Nifty.Nifty has broken the trendline from 5700 as well from 5118, so deeper correction can be expected from here unless Nifty bounces back above 6200 in 1/2 day. Todays range was 74 points.
1. Nifty down by 0.7% with 0.6 breadth.
2. 452nd day since the lows of 4531, 41st day since the swing lows of 5118, 18th day since the swing lows of 5700.
Nifty today broke the swing low and previous week's low of 6116 and closed below it. Today was the 5th consecutive down day of Nifty.Nifty has broken the trendline from 5700 as well from 5118, so deeper correction can be expected from here unless Nifty bounces back above 6200 in 1/2 day. Todays range was 74 points.
No comments:
Post a Comment