Nifty moved sideways till midday but slid after that and closed below 5900 with moderate volumes and -ve breadth.Important points for today.
1.Nifty down by 1.2% with 0.57 breadth.
2.129th day since the previous medium term lows of 4786,12th day since the highs of 6338.
Nifty slipped later in the day to close below 5900.Today was 12th day of the downside ,so Nifty may be nearing a decent pullback or a final bottom.A fall from here could be moderate only(~5400),since the timewise surprise is not there.
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