Nifty traded down today and closed below 5800 with moderately high volumes and -ve breadth. Important points for today.
1.Nifty down by 0.8% with 0.5 breadth.
2.51st day since the lows of 5177, 117th day since the highs of 6338.
Nifty continued with its correction/consolidation/range movement.Any further weakness will point to deeper downsides and reversal of Nifty.But on the bullish side,Nifty may have completed the consolidation around 5750 points , then impulsive upmove of 200-300 points may also happen in next week.
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