Nifty dropped down with moderate volumes and -ve breadth. Important points for today.
1.Nifty down by 1.3% with 0.67 breadth.
2.126th day since the lows of 5177,192nd day since the highs of 6338,3rd day since the lows of 4947.
Nifty after facing resistance at 5200 levels since few days dropped down after another attempt at 5200.Nifty may likely build a base around 5000 levels before it gains strength to go past 5200 levels.Nifty would face resistance at 5350 levels after 5200 and I expect Nifty to be in 5000-5350 range till August.
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