Nifty opened gap up and slid down below 8000 level towards end with moderate volumes and -ve breadth . Important points for today.
1. Nifty down by 0.3% with 0.67 breadth.
2. 280th day since the lows of 5118,172nd day since the lows of 5933. This is 37th week from lows of 5933 and 61st week from 5118.
Nifty closed below 8000 level today. Though Nifty has dropped below 8000 level but sustaining above 7950 level, upmove remains intact. 8100 is trendline resistance and cross of this level will open the path for new highs in Nifty. Only close below 7950 will open up bearish implication in Nifty. Monthly range is 341 points till today.
1. Nifty down by 0.3% with 0.67 breadth.
2. 280th day since the lows of 5118,172nd day since the lows of 5933. This is 37th week from lows of 5933 and 61st week from 5118.
Nifty closed below 8000 level today. Though Nifty has dropped below 8000 level but sustaining above 7950 level, upmove remains intact. 8100 is trendline resistance and cross of this level will open the path for new highs in Nifty. Only close below 7950 will open up bearish implication in Nifty. Monthly range is 341 points till today.
No comments:
Post a Comment