Nifty gave away some of the gains of last 2 days with low volumes and neutral breadth. Important points for today.
1.Nifty down by 1.2% with 0.7 breadth.
2.132nd day since the lows of 5177,198th day since the highs of 6338.
Nifty came down below 4900 today but the volumes were low indicating that the selling pressure has receeded. Nifty may move in sideways range from 4800-5200 for few days also.Since September is usually high range month,so I expect Nifty to pick upward momentum in next few days.
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