Nifty moved in 70 point range with moderate volumes and -ve breadth. Important points for today.
1. Nifty down by 0.5% with 0.5 breadth.
2. 52nd day since the lows of 5118, 29th day since the lows of 5700, 7th day since the highs of 6342.
Nifty closed below 6000 levels. Today was 7th consecutive down day of Nifty. 5950 is a good support of Nifty below which 5700-5800 will be strong support levels. Weekly range stands at 169 points and monthly range is 370 points till today. Short term trend turns up only on close above 6080 levels.
1. Nifty down by 0.5% with 0.5 breadth.
2. 52nd day since the lows of 5118, 29th day since the lows of 5700, 7th day since the highs of 6342.
Nifty closed below 6000 levels. Today was 7th consecutive down day of Nifty. 5950 is a good support of Nifty below which 5700-5800 will be strong support levels. Weekly range stands at 169 points and monthly range is 370 points till today. Short term trend turns up only on close above 6080 levels.
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