Nifty moved around 7600 levels with high volumes and -ve breadth. Important points for today.
1. Nifty down by 0.5% with 0.25 breadth.
2. 211th days since the lows of 5118, 104th day since the lows of 5933.
Nifty moved further below 7600 level. Today Nifty took support at 7550 today. If this support holds tomorrow then Nifty may bounce sharply towards 7800 levels tomorrow. Around 1100AM will be the inflection point for Nifty to take a directional move. 7200-7400 is the next support below 7500 level. Todays range was 99 points and weekly range stands at 257 points till today.
1. Nifty down by 0.5% with 0.25 breadth.
2. 211th days since the lows of 5118, 104th day since the lows of 5933.
Nifty moved further below 7600 level. Today Nifty took support at 7550 today. If this support holds tomorrow then Nifty may bounce sharply towards 7800 levels tomorrow. Around 1100AM will be the inflection point for Nifty to take a directional move. 7200-7400 is the next support below 7500 level. Todays range was 99 points and weekly range stands at 257 points till today.
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