Nifty dropped down today with high volumes and -ve breadth. Important points for today.
1. Nifty down by 1.8% with 0.2 breadth.
2. 319th day since the highs of 6338, 44th day since the lows of 4531.
Nifty made a much desired correction atlast. If today's correction is reversed swiftly in next 2-3 days to form a new Top, then that would most likely be a medium term Top of Nifty to me.Or if Nifty slides down from here, then Nifty may move in a wide range of 400-500 points next month.The range for this month stands at 470 points and this quarters range is now 1041 points.
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