Nifty dipped below 6300 amid moderate volumes and -ve breadth. Important points for today.
1. Nifty down by 0.4% with 0.7 breadth.
2. 71st day since the lows of 5118, 48th day since the lows of 5700.
Nifty closed just above 6300 but in the red. Nifty has corrected about 2% from monday morning highs.Weekly/Monthly range stand at 135/266 points till today. Nifty has filled the gap of monday morning and upside may be expected from here on. I see limited upside from previous high of 6415 in short term(in Dec) by 50-100 points only. Let us see Whether Nifty is able to take 6415 in next 2 days of this week.
1. Nifty down by 0.4% with 0.7 breadth.
2. 71st day since the lows of 5118, 48th day since the lows of 5700.
Nifty closed just above 6300 but in the red. Nifty has corrected about 2% from monday morning highs.Weekly/Monthly range stand at 135/266 points till today. Nifty has filled the gap of monday morning and upside may be expected from here on. I see limited upside from previous high of 6415 in short term(in Dec) by 50-100 points only. Let us see Whether Nifty is able to take 6415 in next 2 days of this week.
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