Nifty slid below 5500 amid narrow range sideways fashion with low volumes. Important points for today.
1.Nifty down by 0.7% with 0.55 breadth.
2.82nd day since the lows of 5177,148th day since the highs of 6338,35th day since the swing highs of 5906.
Nifty closed below 5500 and is down by 0.5% on weekly basis.I expect a move of about 500 points in next 2-3 weeks timeframe.Let us see which way Nifty is going to break the range! Since 6000 looks less likely, so I am more inclined towards a downside.
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