Nifty drifted down today and closed below 5800 levels with low volumes and -ve breadth. Important points for today.
1.Nifty down by 1.0% with 0.47 breadth.
2.41st day since the lows of 5177,107th day since the highs of 6338.
Nifty was down today for the 4th consecutive day.Downside momentum is not there in price action or breadth.So this downmove could also be followed by upmove above 5944.But for more downsides in Nifty I expect to see accelerated down momentum in Nifty as confirmation.April range till now is 167 points.
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