Nifty made a downmove, clearing some of the doubts.breadth was -ve and volumes were more than previous few days.Important points for today.
1.Nifty moved down by 0.9% with 0.6 breadth.
2.5th day of downturn after 40 days of rally from feb6th.
The current downturn has 2 options as pointed out in earlier posts.Big downmove should have a deep intrday cut in coming week,If not and Nifty stays around 5200 by next week,ie 23rd April,Nifty's downmove is likely to be Wave4 daily to be followed by Wave5 daily.
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