Nifty slipped further below 6250 levels amid lower volumes and -ve breadth. Important points for today.
1. Nifty down by 1.1% with 0.57 breadth.
2. 72nd day since the lows of 5118, 49th day since the lows of 5700.
Nifty ended in red for 3rd consecutive day and closed below 6250 level. Todays range was 56 points and weekly range is 185 points now. If Nifty closes below 6200 level for 2 consecutive days then Nifty has formed a Top @6415 and entered into correction mode. Sustaining 6200 level, Nifty could attempt 6400+ levels again.
1. Nifty down by 1.1% with 0.57 breadth.
2. 72nd day since the lows of 5118, 49th day since the lows of 5700.
Nifty ended in red for 3rd consecutive day and closed below 6250 level. Todays range was 56 points and weekly range is 185 points now. If Nifty closes below 6200 level for 2 consecutive days then Nifty has formed a Top @6415 and entered into correction mode. Sustaining 6200 level, Nifty could attempt 6400+ levels again.
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