Nifty opened above 6250 levels but sold off amid heavy volumes and neutral breadth. Important points for today.
1. Nifty down by 0.8% with 0.8 breadth.
2. 77th day since the lows of 5118, 54th day since the lows of 5700.
Nifty opened gap up but sold off big to close below 6200 levels erasing all the gains of yesterday. Todays range was 113 points. Weekly range now stands at 134 points While monthly range remains at 286 points. Short term Nifty is in 6130-6260 range. Breaking 6250 on closing basis will open the way for 6350-6400 levels. While breach of 6100 on closing basis will open the way for 5900-5950 levels.
1. Nifty down by 0.8% with 0.8 breadth.
2. 77th day since the lows of 5118, 54th day since the lows of 5700.
Nifty opened gap up but sold off big to close below 6200 levels erasing all the gains of yesterday. Todays range was 113 points. Weekly range now stands at 134 points While monthly range remains at 286 points. Short term Nifty is in 6130-6260 range. Breaking 6250 on closing basis will open the way for 6350-6400 levels. While breach of 6100 on closing basis will open the way for 5900-5950 levels.
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