Nifty moved down in a narrow range with high volumes and -ve breadth.Important points for today.
1.Nifty down by 1.1% with0.4 breadth.
2.115th day since the lows of 5177,181st day since the highs of 6338,69th day since the swing highs of 5906,28th day since the swing lows of 5195.
Nifty closed below 5500 levels with increased volumes.Today was 3rd consecutive down day.Nifty looks weak here.Next few days could see sharp downside moves in Nifty.4800-5000 should act as good support for Nifty.
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