Nifty traded in very narrow range with moderate high volumes and neutral breadth. Important points for today.
1. Nifty down by 0.15% with 1.17 breadth.
2. 201st day since the lows of 5118, 94th day since the lows of 5933.
Nifty traded in 32 point range and closed mildly in the red, but above 7550. if Nifty closed below 7550, then revisit to existing lows of 7441 may happen again. But the correction seems to be mild and breach of 7400 only would be indication of any serious correction setting in. Weekly range is 152 points till now.
1. Nifty down by 0.15% with 1.17 breadth.
2. 201st day since the lows of 5118, 94th day since the lows of 5933.
Nifty traded in 32 point range and closed mildly in the red, but above 7550. if Nifty closed below 7550, then revisit to existing lows of 7441 may happen again. But the correction seems to be mild and breach of 7400 only would be indication of any serious correction setting in. Weekly range is 152 points till now.
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