Nifty gave up the gains of yesterday with high volumes and neutral breadth. Important points for today.
1. Nifty down by 0.9% with 0.9 breadth.
2. 226th day since the lows of 5118, 119th day since the lows of 5933.
Nifty closed below 7750 and 7ema today.Todays range was 80 points and weekly range is 92 points till today. Nifty close below 7700 can be bearish for the short term, but if Nifty sustains 7700 level for 1-2 days then 7800 may be seen early next week.
1. Nifty down by 0.9% with 0.9 breadth.
2. 226th day since the lows of 5118, 119th day since the lows of 5933.
Nifty closed below 7750 and 7ema today.Todays range was 80 points and weekly range is 92 points till today. Nifty close below 7700 can be bearish for the short term, but if Nifty sustains 7700 level for 1-2 days then 7800 may be seen early next week.
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