Nifty was directionless today with lower volumes and neutral breadth. Important points for today.
1. Nifty flat with 1.34 breadth.
2. 438th day since the lows of 4531, 27th day since the swing lows of 5118, 11th day since the swing highs of 6142.
Nifty slipped below 5850 early in the trade but recovered later on to close above 5900 levels. Nifty is basically pausing after the bullish move of last Thursday.5780/5950 remain the pivot points for downside/upside breakout. Today's range was 87 points. Breach of any of the pivot point will lead to Nifty moving 200-300 point in that direction. Monthly range remains at 250 points.
1. Nifty flat with 1.34 breadth.
2. 438th day since the lows of 4531, 27th day since the swing lows of 5118, 11th day since the swing highs of 6142.
Nifty slipped below 5850 early in the trade but recovered later on to close above 5900 levels. Nifty is basically pausing after the bullish move of last Thursday.5780/5950 remain the pivot points for downside/upside breakout. Today's range was 87 points. Breach of any of the pivot point will lead to Nifty moving 200-300 point in that direction. Monthly range remains at 250 points.
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