Nifty moved in about 75 point range ending in the middle of range with moderate volumes and -ve breadth. Important points for today.
1. Nifty down by 0.85% with 0.65 breadth.
2. 324th day since the highs of 6338, 50th day since the lows of 4531.
Nifty's correction may or may not be done. If Nifty closes down around 5300 or below tomorrow on weekly close, then there is a good chance that Nifty may have formed a weekly medium term Top though daily top may cross the recent high of 5629 over next few days/week. Nifty's quarterly range stands at 1041 till today.
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