Nifty again stumbled above 5150 with low volumes and neutral breadth. Important points for today.
1.Nifty down by 0.3% with 0.9 breadth.
2.233rd day since the highs of 6338,33rd day since the lows of 4720.
Nifty is bumping into 5200 resistance zone after taking support at 4700 for 2 times. Nifty has lost some of its mojo in 7 days.I don't expect Nifty to retest lows of 4700 again, so Nifty should likely pause here between 5000-5200 for few days before breaking upwards.
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