Nifty went down further breaking 5350 but recovered later on.Important points for the day .
1.Nifty down by 0.25% with 0.4 breadth.
2.6th day since the highs of 5549.
Nifty broke the previous swing low of 5350 intraday and bounced from there.In spite of the bounce,Nifty closed in the red.The bounce looks weak ,so if Nifty again goes below 5350 in next few days then further weakness is there in Nifty for deeper downside or else Nifty will have to go above 5450 inorder to confirm the strength of the bounce.
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