Nifty cracked down today with moderately high volumes and -ve breadth. Important points for today.
1.Nifty down by 2.0% with 0.14 breadth.
2.88th day since the lows of 5177,154th day since the highs of 6338,41st day since the swing highs of 5906.
Nifty closed below 5300 today with increased volumes and wide range.Nifty has started its impulsive downmove.Today's range was quite high of 182 points.Today was 4th consecutive down day.I would expect Nifty to drift down to lows/near lows within next few days before it goes into sideways move again.The coming days of this week are likely to see increased volatility.
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