Nifty dropped down below 6700 today with higher volumes and -ve breadth. Important points for today.
1. Nifty down by 0.9% with 0.45 breadth.
2. 155th day since the lows of 5118, 48th day since the lows of 5933.
Nifty closed below 6700 today with moderately high volumes. Today range was 83 points and weekly range stands at 148 points. Nifty is in short term downtrend and support exists in 6500-6600 zone. Any bounce from here will face resistance at 6750. Monthly range is at 169 points (6650-6819).
1. Nifty down by 0.9% with 0.45 breadth.
2. 155th day since the lows of 5118, 48th day since the lows of 5933.
Nifty closed below 6700 today with moderately high volumes. Today range was 83 points and weekly range stands at 148 points. Nifty is in short term downtrend and support exists in 6500-6600 zone. Any bounce from here will face resistance at 6750. Monthly range is at 169 points (6650-6819).
No comments:
Post a Comment