Market Status still remains Bearish. In the chart attached, you can see that the Red dotted Candlestick remain isolated from the white dotted ones. Also, you may notice the long tail on top of the real body of the candlestick, which indicates the selling overpowered the bulls.
If 5400 is broken down, we might see NIFTY breaking down below the critical 5200 region very soon. In a broader sense, as long as NIFTY remains below 5616, it is clearly bearish.
