Again a narrow range session.Nifty extending its high by 9 points from yesterday.Breadth was 1.0 with volumes being down than previous two days.Since 5300 is the earlier high, Chance of correction from here are high.
Important points for today.
1. Nifty upmove by 0.3% with 1.0 breadth.
2. 29th day of rally from feb6th.
Correction from here will unfold and throw more light on the wave counts of daily charts.My view is that 5 waves on hourly chart are done, and this is Wave3 on daily charts to be followed by wave4 and wave5 ahead.
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