Nifty made a new 52 week high today but with low volumes and slow movement.Wave5 daily is continuing as of now.Breadth again was weak.
Important points for today.
1. Nifty upmove of 0.4% with 0.55 breadth.
2. 34th day of rally from Feb6th.
3. Wave5 daily in action, today being its 4th day.
Nifty is in Wave5 daily, and that is looking weak.So we expect a correction of this 650 point rally anytime soon.This correction should be Wave2 on weekly.Let us wait and see how Nifty reacts in coming days.
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