Nifty edged lower today with higher volumes and -ve breadth. Important points for today.
1. Nifty down by 0.4% with 0.7 breadth.
2. 133rd day since the lows of 5118, 85th day since the highs of 6342, 61st day since the highs of 6415.
Nifty traded in 68 point range and closed just above 6500 level. 6465-6490 should provide support to Nifty for bounceback. Further lower support exists at 6406/6355/6336. Hourly TF RSI indicates that Nifty may bounce to make a new high before touching lower supports. Weekly/Monthly range remain at 75/350 points.
1. Nifty down by 0.4% with 0.7 breadth.
2. 133rd day since the lows of 5118, 85th day since the highs of 6342, 61st day since the highs of 6415.
Nifty traded in 68 point range and closed just above 6500 level. 6465-6490 should provide support to Nifty for bounceback. Further lower support exists at 6406/6355/6336. Hourly TF RSI indicates that Nifty may bounce to make a new high before touching lower supports. Weekly/Monthly range remain at 75/350 points.
No comments:
Post a Comment