Nifty had a mini pullback today with higher volumes and -ve breadth. Important points for today.
1. Nifty down by 0.3% with 0.63 breadth.
2. 290th day since the lows of 5118, 189th day since the lows of 5933.
Nifty opened above 8400 level but came down to test lower 8300 levels before closing just above 8350. If Nifty stays above 8300, it can move for new highs above 8415 but below 8300, 8200 can come very soon. in the absence of big momentum upmove above 8450, Nifty is likely to exhaust itself above 8450 levels. Weekly/Monthly range stays at 111/125 levels till today.
1. Nifty down by 0.3% with 0.63 breadth.
2. 290th day since the lows of 5118, 189th day since the lows of 5933.
Nifty opened above 8400 level but came down to test lower 8300 levels before closing just above 8350. If Nifty stays above 8300, it can move for new highs above 8415 but below 8300, 8200 can come very soon. in the absence of big momentum upmove above 8450, Nifty is likely to exhaust itself above 8450 levels. Weekly/Monthly range stays at 111/125 levels till today.
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