Nifty swung both ways with moderate volumes and -ve breadth. Important points for today.
1. Nifty down by 0.55% with 0.6 breadth.
2. 459th day since the lows of 4531, 48th day since the swing lows of 5118, 25th day since the swing lows of 5700.
Nifty bounced towards 6288 but squandered all the gains to close below 6200 levels. Today was the 3rd consecutive down day. Range for today was 108 points and weekly/monthly range is 124/162 points. Nifty may have 1 more upside leg left towards 6450 levels, for that Nifty should take support around 6150 levels.
1. Nifty down by 0.55% with 0.6 breadth.
2. 459th day since the lows of 4531, 48th day since the swing lows of 5118, 25th day since the swing lows of 5700.
Nifty bounced towards 6288 but squandered all the gains to close below 6200 levels. Today was the 3rd consecutive down day. Range for today was 108 points and weekly/monthly range is 124/162 points. Nifty may have 1 more upside leg left towards 6450 levels, for that Nifty should take support around 6150 levels.
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