Nifty was sideways with moderate volumes and neutral breadth.Important points for today.
1.Nifty down by 0.6% with 1.0 breadth.
2.12th day since 6181,51 days since the highs of 6338.
Nifty was sideways and closed below 5700 levels.Nifty got resisted at 5750 and slid below 5700 levels in late afternoon.Either Nifty is in sideways consolidation between 5650-5850 since last 5 days or Nifty may have bottomed at lower 5600 levels.IF Nifty breaks below 5624 levels in next few days in an impulsive manner, then Nifty may be heading for a deeper correction upto about 5200 levels.
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