Nifty moved down and stayed in a very narrow range with low volumes and -ve breadth. Important points for today.
1.Nifty down by 1.6% with 0.4% breadth.
2.234th day since the highs of 6338,34th day since the lows of 4720.
Nifty came down amid very low volumes.If Nifty stays around 5050-5100 in next 2 days , the I expect Nifty to do weekly close above 5200.Nifty is here at critical juncture,and a close above 5200 is either the top of the upmove from 4728 or it may be continuation of the upmove.This is the 8th week since the weekly low of 4747,so Nifty is approaching a intermediate top in next 8-10 days.
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