Nifty moved sideways after yesterdays fall with low volumes and neutral breadth.Important points for today.
1.Nifty up by .15% with 0.9 breadth.
2.69th day since the lows of 5177,135th day since the highs of 6338,22nd day since the swing highs of 5906.
Nifty closed below 5400 for the 2nd consecutive day.After making a big move yesterday, Nifty paused today.Nifty remains in downtrend and would likely begin its descent soon.On the downside I see breach of 5000 as the 1st target and 4700-4800 as strong support zone.
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