Nifty dropped lower below 6000 levels with higher volumes and -ve breadth.Important points for today.
1.Nifty down by 1.15% with 0.6 breadth.
2.10th day since the highs of 6284.
Nifty broke below 6000 levels and weakness was persistent since open with high of today being lower than yesterdays low.This is a very bearish signal.50sma @5850-5900 can generate a bounce but I expect Nifty may undergo deeper correction now in next few days by Diwali.
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