Nifty was very volatile with high volumes and +ve breadth. Important points for the day.
1. Nifty down by 0.25% with 1.9 breadth.
2. 212th day since the lows of 5118, 105th day since the lows of 5933.
Nifty's today range was 252 points. Nifty breached 7500 levels first then went to cross 7700 level and fell back again to close below 7600 levels. Closing in the red for the 3rd consecutive day. Nifty's short term correction seem to be done given the +ve divergence on hourly timeframe. Nifty may move towards 7800 level now. Any new highs above 7800 may be last move before a bigger correction in Nifty.
1. Nifty down by 0.25% with 1.9 breadth.
2. 212th day since the lows of 5118, 105th day since the lows of 5933.
Nifty's today range was 252 points. Nifty breached 7500 levels first then went to cross 7700 level and fell back again to close below 7600 levels. Closing in the red for the 3rd consecutive day. Nifty's short term correction seem to be done given the +ve divergence on hourly timeframe. Nifty may move towards 7800 level now. Any new highs above 7800 may be last move before a bigger correction in Nifty.
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