Nifty gave up the gains of yesterday with moderate volumes and neutral breadth. Important points for today.
1. Nifty down by 1.0% with 0.9 breadth.
2. 230th day since the lows of 5118, 123rd day since the lows of 5933.
Nifty closed below 7700 level and below 3/7 ema after closing above it. Nifty has resistance zone from 7740-7790. Any further attempt to bounce should not cross this zone. On Lower side support 7670 is minor support of Nifty and below that, 7550 is strong trendline support of Nifty. Todays range was 82 points and Weekly/Monthly range stands at 140/159 points.
1. Nifty down by 1.0% with 0.9 breadth.
2. 230th day since the lows of 5118, 123rd day since the lows of 5933.
Nifty closed below 7700 level and below 3/7 ema after closing above it. Nifty has resistance zone from 7740-7790. Any further attempt to bounce should not cross this zone. On Lower side support 7670 is minor support of Nifty and below that, 7550 is strong trendline support of Nifty. Todays range was 82 points and Weekly/Monthly range stands at 140/159 points.
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