Nifty squandered all the gains of yesterday from 7650+ and closed below 7600. Important points for the day.
1. Nifty down by 1.0% with 0.65 breadth.
2. 196th day since the lows of 5118, 89th day since the lows of 5933.
Nifty sold off from 7660+ levels and todays range stood at 148 points. 7500-7550 remains strong support on closing basis and 7650-7700 is resistance. Upside momentum in Nifty is waning and unless support breaks , Nifty likely to remain choppy in this range of 150-200 point range.
1. Nifty down by 1.0% with 0.65 breadth.
2. 196th day since the lows of 5118, 89th day since the lows of 5933.
Nifty sold off from 7660+ levels and todays range stood at 148 points. 7500-7550 remains strong support on closing basis and 7650-7700 is resistance. Upside momentum in Nifty is waning and unless support breaks , Nifty likely to remain choppy in this range of 150-200 point range.
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