Nifty Slid further down amid high volumes and -ve breadth. Important points for today.
1. Nifty down by 0.4% with 0.5 breadth.
2. 320th day since the highs of 6338, 45th day since the lows of 4531.
Nifty closed below 5500 today.Nifty is entering into correction mode now though a spike above 5600 is possible in the remaining days of this month but that should likely be a Topping formation then.Downside to me looks till around 5200 levels.If Nifty regains 5600+ level in this/next week then I see a good chance of that being a medium term Top then.
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