Nifty gave up the gains of yesterday with low volumes and -ve breadth. Important points for today.
1.Nifty down by 1.0% with 0.54 breadth.
2.236th day since the highs of 6338,36th day since the lows of 4720.
Nifty is hovering around 5100 levels for 7 days now.Any breakout above 5150-5200 is likely to be a fakeout now.Nifty's last downturn was of 35 days and this upmove /consolidation is on since 36 days.I expect to see Nifty reversing down by next week.
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