A tepid session , though the late surge yesterday and the global cues, Nifty could have attempted 5150-5200 range.Breadth, volume, price movement are showing signs of topping.
Important points for today:
1.Flat closing ,+4 points with 0.5 breadth.
2.24th day of the upmove that started from Feb6th,with no significant correction of > 2-3% on daily basis.
3. On hourly chart , completed 5 waves or the 5th may be continuing!
4. Not clear which of the 3 options listed before looks more likely.More action needs to be seen.
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