Nifty moved down below 5400 today with higher volumes.Important points for today.
1.Nifty down by 0.6% with 0.6 breadth.
2.3rd down day after 43 days of rally from 4786.
Nifty broke the 5400 levels today and closed below it.Nifty has corrected about 1% on closing basis in 3 days.Either Nifty has started its downward move or it may still have one more leg up.Break of 5350 should likely take Nifty to 5150-5200 levels immediately as that is a strong support area.Next few days of price action should give more clarity of the possibilities of move ahead.
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