Nifty slipped below 6200 levels with moderate volumes and slightly -ve breadth. Important points for today.
1. Nifty down by 0.7% with 0.78 breadth.
2. 66th day since the lows of 5118, 43rd day since the lows of 5700.
Nifty closed below 6200 levels and just near support levels of 6150. If Nifty bounces up from above 6200, then 6350 could be targetted in short term. Todays range was 60 points and weekly range was 79 points till today. Any weakness below 6150 indicates weakness and revisit to lows of 5972 may be possible on below 6150.
1. Nifty down by 0.7% with 0.78 breadth.
2. 66th day since the lows of 5118, 43rd day since the lows of 5700.
Nifty closed below 6200 levels and just near support levels of 6150. If Nifty bounces up from above 6200, then 6350 could be targetted in short term. Todays range was 60 points and weekly range was 79 points till today. Any weakness below 6150 indicates weakness and revisit to lows of 5972 may be possible on below 6150.
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