Nifty went down today with low volumes and -ve breadth to close below 5500. Important points for today.
1.Nifty down by 1.4% with 0.41 breadth.
2.61st day since the lows of 5177, 127th day since the highs of 6338.
3.14th day since the swing high of 5906.
Nifty after remaining in 100 point range for 3 days closed below the range.If there is follow up down move tomorrow, then Nifty would likely be targetting 5200 or lower levels.But if Nifty again moves up ,I would expect Nifty to attempt 5700 levels then.
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