Nifty traded sideways around 7950 with moderate volumes and +ve breadth. Important points for today.
1. Nifty down by 0.12% with 1.9 breadth.
2. 265th day since the lows of 5118,158th day since the lows of 5933.
Nifty had an inside day today with a range of 57 points and closed mildly in the red. 8050/7900 are direction deciders in short term. ~7800 comes strong trendline support of Nifty. Tomorrow being RBI day may witness large swing in either direction. 7900-8050 is neutral sideways range of Nifty. Monthly range of Nifty till now is 339 points.
1. Nifty down by 0.12% with 1.9 breadth.
2. 265th day since the lows of 5118,158th day since the lows of 5933.
Nifty had an inside day today with a range of 57 points and closed mildly in the red. 8050/7900 are direction deciders in short term. ~7800 comes strong trendline support of Nifty. Tomorrow being RBI day may witness large swing in either direction. 7900-8050 is neutral sideways range of Nifty. Monthly range of Nifty till now is 339 points.
No comments:
Post a Comment