Nifty moved in a narrow range of 50 points with moderately high volumes and neutral breadth. Important points for today.
1. Nifty up by 0.5% with 1.3 breadth.
2. 314th day since the highs of 6338,39th day since the lows of 4531.
Nifty is moving in 35 point range (closing basis) since last 4 days.I think this kind of movement is likely to continue till next week.Range of this week is 77 points till now.Since last week's range was 105 points, so if this week is expansion then I see Nifty to test lower 5200 levels this week.
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