As intra day correction possibility was high therefore its confirmations levels were given today and Nifty is trading in Red below 5880. Very short term correction was due and being seen today. Market slipped but without genuine selling patterns therefore today dip may be a part of condolisation also.
5854 is 1st intra day support level and will be watched for next moves confirmations. Although market slipped from higher levels but without genuine selling patterns therefore if Nifty sustains above 5854 then very short term intraday corretion completion will be considered.
Market is on wait and watch at present.