Nifty Appears to be making a short term top.5147 was the high Nifty touched on 8/3/10 .Minimum correction expected of around 3-4% from top as well on closing basis.This Rally lasted for 20-22 days, so the coming downturn should be around 5-13 days long.
Possible options.
1.Nifty goes to 4800 and resumes its rally upwards, targetting 5300-5600.
2.Nifty goes to 4500-4700, and uptrend resumes targetting 5300-5600.
3.Nifty goes below 4500 to ~ 4000-4200 levels.
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