Nifty was flat to sideways till last 1 hr but came down below 5800 during last 1 hr with higher volumes and -ve breadth.Important points for today.
1.Nifty down by 1.1% with 0.25 breadth.
2.130th day since the lows of 4786 and 13th day since the highs of 6388.
Nifty closed just below 5800.today was 3rd consecutive down day.Nifty in this week is going down but the momentum is moderate.Nifty is trading well below the critical level of 5900 so retracement upto 5500 is open path now.But the time Nifty has taken till now ie 13 days without a decent pullback makes me think that there should be a bounce here and only then should Nifty come to around 5500 levels if at all it is to go around those levels.My timeline for this to playout will be till around 10dec.
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