Nifty cracked down today with high volumes and -ve breadth.Important points for today.
1.Nifty down by 2.3% with 0.17 breadth.
2.121st day since the lows of 5177,187th day since the highs of 6338,75th day since the swing highs of 5906,34th day since the swing lows of 5195.
Nifty closed just above 5200 after nearly touching 5100 levels earlier in the day.Since Nifty has decisively cracked down,it is likely to go down further.Today was 9th day since the swing highs of 5700+.I think Nifty may not go 100-200 points below 5100 from here.Monthly range till today is 435 points.
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