Nifty dipped below 8300 level but closed flat with very high volumes and neutral breadth. Important points for today.
1. Nifty flat with 0.8 breadth.
2. 287th day since the lows of 5118, 179th day since the lows of 5933.
Nifty closed flat for 3rd consecutive day. This week's range was only 75 points. Though Nifty moved in a narrow range but it has not showed any weakness by dipping to test below 8200 level till now. This looks like consolidation after breakout above 8180 level if Nifty retains 8250+ level another 1-2 days. Monthly range is also 75 points till today.
1. Nifty flat with 0.8 breadth.
2. 287th day since the lows of 5118, 179th day since the lows of 5933.
Nifty closed flat for 3rd consecutive day. This week's range was only 75 points. Though Nifty moved in a narrow range but it has not showed any weakness by dipping to test below 8200 level till now. This looks like consolidation after breakout above 8180 level if Nifty retains 8250+ level another 1-2 days. Monthly range is also 75 points till today.
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