Nifty had a volatile day today as it went first above 5300 , then below 5200 with higher volumes and -ve breadth.
1. Nifty down by 1.35% with 0.55 breadth.
2. 352nd day since the highs of 6338, 78th day since the lows of 4531 , 35th day since the swing highs of 5629.
Nifty closed just above 5200 levels after trading +ve at open.Nifty closed 2.3% -ve weekly closing.If Nifty has started its impulsive downmove, then next week could see big downside moves. Todays' -ve weekly closing increases likelihood of next downmove , though Nifty could keep hovering around 5000-5200 levels till expiry .This week's range was 121 points and monthly range till today stands at 193 points.
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