Nifty opened above 7900 but gave up the gains to close in the red with moderate volumes and -ve breadth. Important points for today.
1. Nifty down by 0.25% with 0.7 breadth.
2. 273rd day since the lows of 5118, 166th day since the lows of 5933.
Nifty traded in 103 point range and closed mildly in the red just above 7850 level. Nifty is bouncing off from ~7800 levels since last few days. If credible support/bottom is formed around 7800 level than 7950+ close should be seen and sustained in nifty in next 2-3 days. Close below 7800 is indication of longer correction in Nifty. Monthly range stands at 181 points till today.
1. Nifty down by 0.25% with 0.7 breadth.
2. 273rd day since the lows of 5118, 166th day since the lows of 5933.
Nifty traded in 103 point range and closed mildly in the red just above 7850 level. Nifty is bouncing off from ~7800 levels since last few days. If credible support/bottom is formed around 7800 level than 7950+ close should be seen and sustained in nifty in next 2-3 days. Close below 7800 is indication of longer correction in Nifty. Monthly range stands at 181 points till today.
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