Nifty slipped below 7500/7450 with moderate volumes and neutral breadth. Important points for the day.
1.Nifty down by 0.25% with 1.0 breadth.
2. 199th day since the lows of 5118, 92nd day since the lows of 5933.
Nifty closed below 7500 today though it recovered most of losses towards the end. Downside seems to be waning and Nifty may reverse on upside in this week. But if Nifty fall below 7450 on closing basis then 7100-7200 may be seen within no time. Todays range was 93 points ie 1st day of week was high range , so this week may be high range week after two weeks on sub 200 range.
1.Nifty down by 0.25% with 1.0 breadth.
2. 199th day since the lows of 5118, 92nd day since the lows of 5933.
Nifty closed below 7500 today though it recovered most of losses towards the end. Downside seems to be waning and Nifty may reverse on upside in this week. But if Nifty fall below 7450 on closing basis then 7100-7200 may be seen within no time. Todays range was 93 points ie 1st day of week was high range , so this week may be high range week after two weeks on sub 200 range.
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