Nifty broke down below 6800 with higher volumes and -ve breadth. Important points for today.
1. Nifty down by 0.85% with 0.63 breadth.
2. 160th day since the lows of 5118, 53rd day since the lows of 5933.
Nifty closed below 6800 and moved in a range of 97 points. Weekly range for this week stood at 97 points and Monthly range stands at 219 points. 6750 is a strong trendline support. If Nifty doesnot breach 6750 in next 2 days then, Nifty may move up sharply higher in this week. Nifty has closed flat on weekly basis for 3 consecutive weeks.
1. Nifty down by 0.85% with 0.63 breadth.
2. 160th day since the lows of 5118, 53rd day since the lows of 5933.
Nifty closed below 6800 and moved in a range of 97 points. Weekly range for this week stood at 97 points and Monthly range stands at 219 points. 6750 is a strong trendline support. If Nifty doesnot breach 6750 in next 2 days then, Nifty may move up sharply higher in this week. Nifty has closed flat on weekly basis for 3 consecutive weeks.
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