Nifty attempted 7500+ levels early morning but sold off from there to 7300- with heavy volumes and -ve breadth. Important points for today.
1. Nifty down by 0.1% with 0.53 breadth.
2. 180th day since the lows of 5118, 73rd day since the lows of 5933.
Nifty closed marginally in the red after heavy sell off of more than 200 points. If Nifty sustains 7200 level on closing basis, then 7500+ level may happen again and Nifty hit new highs.But if 7200 is breached, then Nifty may enter into intermediate term consolidation phase for coming weeks.
1. Nifty down by 0.1% with 0.53 breadth.
2. 180th day since the lows of 5118, 73rd day since the lows of 5933.
Nifty closed marginally in the red after heavy sell off of more than 200 points. If Nifty sustains 7200 level on closing basis, then 7500+ level may happen again and Nifty hit new highs.But if 7200 is breached, then Nifty may enter into intermediate term consolidation phase for coming weeks.
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