Nifty drifted further down towards 7850 with moderate volumes and -ve breadth. Important points for today.
1. Nifty flat with 0.5 breadth.
2. 243rd day since the lows of 5118, 136th day since the lows of 5933.
Nifty traded in the red most of time, but bounced later to close above 7900 level. Todays range was 53 points and weekly range stands at 106 points till today. 7850-7950 is the broad trading range for now. If Nifty survives 7850 level this week and ends around 7900 by end of week, then Nifty likely to jump by 200 points(up/down) early next week.
1. Nifty flat with 0.5 breadth.
2. 243rd day since the lows of 5118, 136th day since the lows of 5933.
Nifty traded in the red most of time, but bounced later to close above 7900 level. Todays range was 53 points and weekly range stands at 106 points till today. 7850-7950 is the broad trading range for now. If Nifty survives 7850 level this week and ends around 7900 by end of week, then Nifty likely to jump by 200 points(up/down) early next week.
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