Nifty fell hard today closing below 5350 with moderate volumes and -ve breadth. Important points for today.
1.Nifty down by 1.3% with 0.57 breadth.
2.120th day since the lows of 5177,186th day since the highs of 6338,74th day since the swing highs of 5906,33rd day since the swing lows of 5195.
Nifty is going down but lacks the big momentum to crack down to sub 5000 levels.Today was 8th day since Nifty reversed from 5700 levels.Unless Nifty drops in next 2-3 days,I think Nifty will go into upside sideways range between 5200-5600 till expiry.This month's range till today is 228 points.
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