Nifty moved closer to 5500 at open but moved above that all day with moderate volumes and -ve breadth. Important points for today.
1.Nifty down by 0.5% with 0.52 breadth.
2.55th day since the lows of 5177,121st day since the highs of 6338.
Nifty closed below 5550,today being the 8th consecutive down day of Nifty.5200-5400 is the support zone of Nifty.But if Nifty pauses here at around 5500 and goes down with momentum into the support zone,then there could be sub 5200 levels to be seen soon.
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