Nifty today broke below 6650 amid moderate volumes and -ve breadth. Important points for today.
1.Nifty down by 0.95% with 0.7 breadth.
2. 167th day since the lows of 5118, 60th day since the lows of 5933.
Nifty today closed just above 6650 level. Todays range was 76 points and Weekly range stands at 101 points.Nifty broke the earlier swing low of 6650. Inspite of allround Red, Nifty barely closed down by ~ 1% . This indicates that 6600-6650 being strong support may not be broken decisively and chances of Jump from here are there.
1.Nifty down by 0.95% with 0.7 breadth.
2. 167th day since the lows of 5118, 60th day since the lows of 5933.
Nifty today closed just above 6650 level. Todays range was 76 points and Weekly range stands at 101 points.Nifty broke the earlier swing low of 6650. Inspite of allround Red, Nifty barely closed down by ~ 1% . This indicates that 6600-6650 being strong support may not be broken decisively and chances of Jump from here are there.
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