Nifty moved in about 50 point range and closed below 5550 with low volumes and -ve breadth.
1.Nifty down by 0.7% .
2.77th day since the lows of 5177,143rd day since the highs of 6338,30th day since the swing highs of 5906.
Nifty ended the week with a gain of 0.8%.This was first +ve weekly closing after 5 consecutive -ve closings.Nifty could likely now see its Leg2 of downturn.My targets for Nifty remain 4800-5000 levels in next few weeks.
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