Nifty had a big selloff today with high volumes and -ve breadth. Important points for today.
1. Nifty down by 2.1% with 0.14 breadth.
2. 210th day since the lows of 5118, 103rd day since the lows of 5933.
Nifty opened above 7800 levels but started sliding after that to close below 7650 level. Todays range was 213 points. Weekly/Monthly range also stands at 213 points. 7500+ is a strong support zone of Nifty. Whether Nifty has reversed or just a 1/2 day correction will be known in next 2-3 days.
1. Nifty down by 2.1% with 0.14 breadth.
2. 210th day since the lows of 5118, 103rd day since the lows of 5933.
Nifty opened above 7800 levels but started sliding after that to close below 7650 level. Todays range was 213 points. Weekly/Monthly range also stands at 213 points. 7500+ is a strong support zone of Nifty. Whether Nifty has reversed or just a 1/2 day correction will be known in next 2-3 days.
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