Nifty slipped below 5200 levels but recovered later on with moderate volumes and neutral breadth.
1. Nifty down by 0.3% with 0.7 breadth.
2. 350th day since the highs of 6338, 76th day since the lows of 4531, 33rd day since the swing highs of 5629.
Nifty slipped below 5200 level but closed above it.Nifty's range today was 73 points. Nifty remains stuck in sideways range and not taking any clear direction.5150/5500 remain as breakdown/breakout points.Nifty's range in this week till today stands at 97 points and this month's range at 187 points.I expect that chances of range expansion in this week are good.
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