Nifty continued its slide with moderate volumes and -ve breadth. Important points for today.
1. Nifty down by 0.75% with 0.5 breadth.
2. 252nd day since the highs of 6338, 52nd day since the lows of 4720.
Nifty was down for 5th consecutive day.The support of 5100-5150 has been broken decisively now.Since Nifty has been in downslide for 11 days,so a bounce is very much due.Today Nifty has closed below 5033 levels, ie the previous swing low, so the bounce that happens now should form a lower high below 5400.
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