Nifty was rangebound in 100 points with high volumes and -ve breadth. Important points for today.
1. Nifty down by 0.55% with 0.6 breadth.
2. 181st day since the lows of 5118, 74th day since the lows of 5933.
Nifty closed in the red today but still above 7300. Yesterdays low was not breached, indicating 7200 will act as good support for Nifty. Nifty likely to retest 7200 in next coming days.Only a successful retest of 7200 can provide good momentum to Nifty to propel above 7500 level.
1. Nifty down by 0.55% with 0.6 breadth.
2. 181st day since the lows of 5118, 74th day since the lows of 5933.
Nifty closed in the red today but still above 7300. Yesterdays low was not breached, indicating 7200 will act as good support for Nifty. Nifty likely to retest 7200 in next coming days.Only a successful retest of 7200 can provide good momentum to Nifty to propel above 7500 level.
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