Nifty slipped today below 6150 with moderate volumes and neutral breadth.Important points for today.
1.Nifty down by 0.2% with 0.8 breadth.
2.26th day since the lows of 5690,40th day since the highs of 6338.
Nifty gapped up at open and moved in about 60 point range after yesterdays narrow range of 30 points.The momentum could not be sustained and Nifty dropped down below 6150.If Nifty follows up in next 1-2 days with a close below 6100, then Nifty should be heading down towards 5850-5900 OR deeper down to 5600-5700.But If Nifty moved up and closes above 6200 tomorrow and after that then the current downside scenario will be invalidated.
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