Nifty slid below 5400 levels today with moderate volumes and -ve breadth. Important points for today.
1.Nifty down by 1.0% with 0.45 breadth.
2.86th day since the lows of 5177, 152nd day since the highs of 6338,39th day since the swing highs of 5906.
Nifty closed below 5400 levels.The slide from 5500+ to below 5400 level has been moderate.In terms of time ,market is well positioned for an impulsive move.If that is the case I expect Nifty to break down by next week.The monthly range till today is 215 points.
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