Nifty slid further towards 6100 levels with moderate volumes and -ve beadth. Important points for today.
1. Nifty down by 0.6% with 0.7 breadth.
2. 460th day since the lows of 4531, 49th day since the swing lows of 5118, 26th day since the swing lows of 5700.
Nifty was down for the 4th consecutive day. Nifty closed below 6150 today. Nifty is now in support zone after reversing from 6342 levels.Today's range was 65 points while weekly/monthly range stand at 186/222 points till today. Nifty reversed all of the previous week's gain.6050 is the level to look for and breach of it will signal that short term top at 6342 has been formed.
1. Nifty down by 0.6% with 0.7 breadth.
2. 460th day since the lows of 4531, 49th day since the swing lows of 5118, 26th day since the swing lows of 5700.
Nifty was down for the 4th consecutive day. Nifty closed below 6150 today. Nifty is now in support zone after reversing from 6342 levels.Today's range was 65 points while weekly/monthly range stand at 186/222 points till today. Nifty reversed all of the previous week's gain.6050 is the level to look for and breach of it will signal that short term top at 6342 has been formed.
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