Nifty retreated below 8100 level today amid higher volumes and -ve breadth. Important points for today.
1. Nifty down by 0.2% with 0.5 breadth.
2. 249th day since the lows of 5118, 142nd day since the lows of 5933.
Nifty closed below 8100 level today. Today's range was 54 points and Nifty closed just above yesterday's low. 7950+ keeps the short term momentum +ve and below 7850 Nifty turns -ve for deeper fall though 7750 comes in as major support. For now 7950-8200 may be the range for next few days till Nifty resolves itself for the next directional move.
1. Nifty down by 0.2% with 0.5 breadth.
2. 249th day since the lows of 5118, 142nd day since the lows of 5933.
Nifty closed below 8100 level today. Today's range was 54 points and Nifty closed just above yesterday's low. 7950+ keeps the short term momentum +ve and below 7850 Nifty turns -ve for deeper fall though 7750 comes in as major support. For now 7950-8200 may be the range for next few days till Nifty resolves itself for the next directional move.
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