Last 21 days range and 55 Days EMA(5704) forcefully broken down today and Nifty is hovering around 200 Days EMA(5633) and sustaining below it today will mean Long term trend turning down. As today intraday charts suggested intra day selling indications therefore we sold our long positions at 5597(proofs are available in blog-Just Click).
Sustaining beyond 5633 will be Long term trend confirmations and slipping below it will mean Bearish market possibility. Next support is 5561 below 5633.