Nifty slid down further erasing all the gains from the lows with moderate volumes and -ve breadth. Important points for today.
1.Nifty down by 1.0% with 0.5 breadth.
2.133rd day since the lows of 5177,199th day since the highs of 6338.
Nifty made a new closing low but not an intraday low.Downside momentum is slow now ,so any new lows tomorrow is likely to face bounce back.Nifty will show strength only above 4950-5000 levels.More time Nifty spends in 4800-5000 zone,stronger is going to be bounce after that.
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