Nifty got resisted at ~5050 levels and came down below 5000 levels with moderate volumes and neutral breadth.
1.Nifty down by 0.1% with 1.35 breadth.
2.229th day since the highs of 6338,29th day since the lows of 4720.
Nifty faced resistance at 5050 after 2 days of strong rally.Nifty should attempt this level again in next 1-2 days.If Nifty decides to pause at 5000 level this week, then I see a good chance of breakout above 5200 next week.
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