Breach of 5172 on cards?
Against expectation, NIFTY breached he point “A” (Read yesterday’s posting. ) and Closed near flat. In a broader sense, the price action was similar to what was expected, but shifted a bit higher.
It looks like tomorrow; we might see NIFTY breaching 5172 and close much below that. A close near 5085-90 cannot be ruled out either.
