Nifty moved past 5450 at open but gave up its gain at the end.Volumes were higher and breadth was -ve.Important points for today.
1.Nifty down by 0.3% with 0.67 breadth.
2.36th day of rally since the lows of 4786(33 days of downturn).
Nifty made a new high above 5450 today.Pullback in Nifty happened in the last 30 min.Nifty could move sideways/correct for next 1-2 days and then either make a last upmove or begin its downslide.If Nifty moves up after sideways move , I expect that move to last for 1-2 days only.Any close below 5300 should be a warning sign of weakness and close below 5250 be taken as a signal for onset of downturn.
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