Nifty had a big down day with moderate volumes and -ve breadth.Important points for today.
1.Nifty down by 1.6% with 0.35 breadth.
2.104th day since the lows of 5177,170th day since the highs of 6338,57th day since the swing highs of 5906.
Nifty closed below 5600 levels today.After gap down opening, Nifty remained weak all through the day and closed towards the lower end of range.I see Nifty staying weak for another day or so before bouncing up towards 5700 levels towards weekend.Today was 16th day since the swing low of 5195.
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