Nifty moved sideways but slid sharply in last 30min with high volumes(though expiry day also) and -ve breadth.Important points for today.
1.Nifty down by 0.6% with 0.63 breadth.
2.11th day since the highs of 6284.
Nifty slid very sharply in last 30min closing 55 points below 3.00pm close.If this is the downward momentum,Nifty should continue with it tomorrow and broke and close below 5960 levels.If Nifty again goes into sideways then the possibility of a bounce will also increase in the coming days.This looks like a weekly correction and Nifty has not shown any signs of weekly capitulation,So I expect that Nifty will make some move in the coming days possibly in the downside direction.
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