Nifty was quite today after yesterday's big move with low volumes and neutral breadth. Important points for today.
1.Nifty up by 0.35% with 0.65 breadth.
2.89th day since the lows of 5177,155th day since the highs of 6338,42nd day since the swing highs of 5906.
Nifty moved in 65 point range.Nifty may move in 5200-5350 range for some days here OR it may drop down to around 5000 levels by the end of this week.Nifty is not gaining momentum after sharp drop , this to me indicates that downside is limited and Nifty may try to capitulate here by dropping sharply but moderately in price action.
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