Nifty hovered around 5300 levels with lower volumes and -ve breadth. Important points for today.
1. Nifty down by 0.8% with 0.55 breadth.
2. 357th day since the highs of 6338, 83rd day since the lows of 4531, 40th day since the swing highs of 5629.
Nifty made a big intraday dip below 5250 but recovered later on to close just below 5300.Nifty ended the week with a gain of 1.8%. This was 9th week since the swing highs of 5600+. Nifty remains in sideways movement for now but range for this week has increased to 159 points.Monthly range remains at 193 points. Expansion of monthly range is likely in next 6 days of this month.
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