Nifty drifted down below 5300 levels with lower volumes and -ve breadth. Important points for today.
1. Nifty down by 1.5% with 0.43 breadth.
2. 326th day since the highs of 6338, 52nd day since the lows of 4531.
Nifty closed below 5300 today.Today was 9th day since start of the downturn from 5600+ levels.Nifty's correction does not look like has ended and gradual/sharp slide below 5200 may be capitulation of the short term correction in Nifty.After next week , chances of Nifty making a high above recent highs of 5600+ would likely reduce.
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