Nifty broke down today amid moderate volumes and -ve breadth. Important points for today.
1. Nifty down by 1.4% with 0.38 breadth.
2. 116th day since the lows of 5118, 68th day since the highs of 6342.
Nifty declined throughout the day today breaking 6000 levels towards the end. Todays range was 103 points and Weekly/Monthly range stand at 115/173 points. Where Nifty is able to find support below 6000 level is to be seen, 5800-5850 is strong support of Nifty below 5933. Only a close above 6106 now will turn the short term trend up.
1. Nifty down by 1.4% with 0.38 breadth.
2. 116th day since the lows of 5118, 68th day since the highs of 6342.
Nifty declined throughout the day today breaking 6000 levels towards the end. Todays range was 103 points and Weekly/Monthly range stand at 115/173 points. Where Nifty is able to find support below 6000 level is to be seen, 5800-5850 is strong support of Nifty below 5933. Only a close above 6106 now will turn the short term trend up.
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