Nifty opened down and moved down with low volumes and -ve breadth.Important points for today.
1.Nifty down by 0.9% with 0.35 breadth.
2.20th day since the lows of 5177,86th day since the highs of 6338.
Nifty closed below 5450 today.Today was 5th day of sideways/corrective movement of Nifty after 5 days of rally(from 5232).Either Nifty may again go down to 5200 levels or Nifty may bounce up from here.5380 is 60% retracement of the 376 point rise(5232-5608),so if Nifty Nifty closed below this, then nifty may likely go down to around 5200.Else Nifty should reverse from here.
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