Nifty traded sideways after yesterday's big move with low volumes and -ve breadth. Important points for today.
1. Nifty down by 1.0% with 0.65 breadth.
2. 261st day since the highs of 6338, 20th day since the swing highs of 5399.
Nifty dropped down today.Nifty may have some steam left in its short term upmove.This week's close is likely to clear the view of next 4-6 weeks timeframe.Nifty is diverging on weekly scale , so any retest/breach of 4639 lows is going to be a buying opportunity.But this may or may not happen in december expiry also.
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