Nifty moved in 61 point range with moderate volumes and neutral breadth. Important points for today.
1. Nifty down by 0.1% with 0.87 breadth.
2. 105th day since the lows of 5118, 57th day since the highs of 6342.
Nifty traded in the green most of time but closed in the red towards the end.Todays range was 61 points and Weekly/Monthly range stands at 103/273 points till today. January has turned out to be tepid month this year. Nifty is in short term downtrend. +ve divergences are showing up now, and bounce upto 6200-6250 may happen in 1-2 days.
1. Nifty down by 0.1% with 0.87 breadth.
2. 105th day since the lows of 5118, 57th day since the highs of 6342.
Nifty traded in the green most of time but closed in the red towards the end.Todays range was 61 points and Weekly/Monthly range stands at 103/273 points till today. January has turned out to be tepid month this year. Nifty is in short term downtrend. +ve divergences are showing up now, and bounce upto 6200-6250 may happen in 1-2 days.
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