Nifty moved around 4800-4850 with moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 0.8% with 1.1 breadth.
2. 256th day since the highs of 6338, 56th day since the lows of 4720.
Nifty paused today after 8 consecutive days of decline.Reattempt at 4700 shud come soon in next few days.Nifty has taken 15 days to retrace the fall from 5399-4764.Nifty may take another 1-2 weeks to complete this fall.I expect weakness to remain in Nifty till around early to mid anuary.
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