Nifty slid below 6000 levels with moderate volumes and -ve breadth. Important points for today.
1. Nifty down by 2.0% with 0.43 breadth.
2. 57th day since the lows of 5118, 34th day since the lows of 5700.
Nifty slid for 2nd consecutive day and closed below 6000 levels retracing all of the gains in 2 days. But if Nifty does not closed below 5972 in next 2 days then this slide id just bottoming @5950 levels and Nifty may move up from here to new highs. Today's range was 12 points and weekly range is 227 points. Monthly/Quarterly range remain at 370/642 points.
1. Nifty down by 2.0% with 0.43 breadth.
2. 57th day since the lows of 5118, 34th day since the lows of 5700.
Nifty slid for 2nd consecutive day and closed below 6000 levels retracing all of the gains in 2 days. But if Nifty does not closed below 5972 in next 2 days then this slide id just bottoming @5950 levels and Nifty may move up from here to new highs. Today's range was 12 points and weekly range is 227 points. Monthly/Quarterly range remain at 370/642 points.
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