Nifty saw a small selloff during second half of trade.Breadth though was positive and volumes were moderate.Important points for today.
1.Nifty down by 0.8% with 1.6 breadth.
2.Closed below 5EMA(3rd time since beginning of the rally from feb6 after an upmove).
Whether its just a correction in the Wave5 daily(upmove) or beginning of Wave2 weekly down is to be seen over next 2-3 days.
Looking at $index , this could be Wave2 weekly, since $index is showing signs of resurgence since middle of march and if it makes further move in its uptrend(towards 83+) , there should be a crack in stock market ,but may be short lived.
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