Nifty was sideways with -ve bias with low volumes and -ve breadth. Important points for today.
1.Nifty down by 0.3% with 0.45 breadth.
2.65th day since the lows of 5177, 131st day since the highs of 6338.
3.18th day since the swing highs of 5906.
Nifty closed in the red for the 3rd consecutive day.Nifty has closed below the lows of previous day for 2 days in a row now.Nifty is showing weakness and may cut down sharply from here to around/sub 5000 levels in coming days.I dont expect though Nifty to go below support of 4700-4800 levels.
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