Nifty didn't do much today with moderate volumes and -ve breadth. Important points for today.
1. Nifty down by 0.4% with 0.6 breadth.
2. 98th day since the lows of 5118, 91st day since the lows of 5933.
Nifty ended 3rd consecutive day in red and 2nd consecutive weekly down. Nifty is going down but downside price momentum is not there. This implies Nifty may make a New high in an impulsive manner in coming days. A Medium term Top may be formed soon in Nifty. Weekly range was 176 points after 175 points in previous week. Monthly range stands at 461 points till this week.
1. Nifty down by 0.4% with 0.6 breadth.
2. 98th day since the lows of 5118, 91st day since the lows of 5933.
Nifty ended 3rd consecutive day in red and 2nd consecutive weekly down. Nifty is going down but downside price momentum is not there. This implies Nifty may make a New high in an impulsive manner in coming days. A Medium term Top may be formed soon in Nifty. Weekly range was 176 points after 175 points in previous week. Monthly range stands at 461 points till this week.
No comments:
Post a Comment