Nifty fell sharply with moderately high volumes and -ve breadth. Important points for today.
1. Nifty down by 2.7% with 0.18 breadth.
2. 322nd day since the highs of 6338, 47th day since the lows of 4531.
Nifty closed below 5300 levels today.Nifty has corrected sharply in last 4 days.The correction reaffirms 1 point that either Medium term Top is formed or it should be close to the highs recorded already.I see support of Nifty coming in around 5100-5300 zone.
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