Nifty may fall to 5600, rupee seen at 65/dollar: Sharekhan

The 50-share Nifty benchmark slipped below its 200-day moving average for the first time in four months on Tuesday. The Nifty has fallen around 350 points over the last seven sessions and with key supports broken, traders expect further downside in markets. Somil Mehta of Sharekhan told NDTV that Nifty could fall to as much as 5,600 over the next month tracking weakness across global markets and currencies. He expects the rupee ...