Nifty slipped down today with moderate volumes and neutral breadth. Important points for today.
1. Nifty down by 1.3% with 0.9 breadth.
2. 56th day since the lows of 5118, 33rd day since the swing lows of 5700.
Nifty dropped down and closed below important support 6150 levels. This indicates Nifty to remain in short term weakness now until it crossed and closes above 6180/6200 levels. Strong downside support is there at 6000-6050 if Nifty goes there.Today's range was 98 points and weekly range is 106 points.
1. Nifty down by 1.3% with 0.9 breadth.
2. 56th day since the lows of 5118, 33rd day since the swing lows of 5700.
Nifty dropped down and closed below important support 6150 levels. This indicates Nifty to remain in short term weakness now until it crossed and closes above 6180/6200 levels. Strong downside support is there at 6000-6050 if Nifty goes there.Today's range was 98 points and weekly range is 106 points.
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