Nifty attempted 5400+ at open but closed below it with moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 0.5% with 1.5 breadth.
2. 330th day since the highs of 6338, 56th day since the lows of 4531.
Nifty moved in a 93 point range but closed near 5350 levels.Nifty is attempting to recover here and short term bottom looks to be in. But if Nifty sells off on budget/RBI policy day, I think Nifty may not go deep down below 5171 level and just form a double bottom and rise from there on. Monthly range was extended today and stands at 250 points till today.
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