As mentioned in my last blog that the markets are looking heavy and have given a breakout in the downside. Volumes in the markets seems to be dried up. NSE cash market volumes were just Rs.13700CR. On Friday Nifty closed outside the triangular pattern and the RSI too closed below the trendline. Inflation too make higher. Last 2 weeks have been very dry for the Indian markets. Nifty closed at its support levels of 5020. Close below this Nifty will continue to slide till 4900 levels.