Nifty again tested 6560 levels and fell down to below 6500 with moderately high volumes and -ve breadth. Important points for today.
1. Nifty down by 0.4% with 0.7 breadth.
2. 135th day since the lows of 5118, 87th day since the highs of 6342, 63rd day since the lows of 6415.
Nifty closed below 6500 today and broke the 3 day support level of 6487. Nifty's move in last 4 days of this week is consolidation of the breakout above 6350 and is rangebound in 75-80 points Todays range was 85 points and weekly range stands at 86 points. Tomorrow is weekly closing and interesting to see Whether Nifty closes Flat or attempts higher level on weekly closing basis.
1. Nifty down by 0.4% with 0.7 breadth.
2. 135th day since the lows of 5118, 87th day since the highs of 6342, 63rd day since the lows of 6415.
Nifty closed below 6500 today and broke the 3 day support level of 6487. Nifty's move in last 4 days of this week is consolidation of the breakout above 6350 and is rangebound in 75-80 points Todays range was 85 points and weekly range stands at 86 points. Tomorrow is weekly closing and interesting to see Whether Nifty closes Flat or attempts higher level on weekly closing basis.
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