i suspested the drag between 5100-5180 tobe a distribution.
there were few strong counters like bhel and lt...which looked positive...but than i couldnt ignore signal generated from hdfc and r-pack and few banking counters.
it was a tough call to term the phase as distribution,,,but eventually it proved tobe distribution only.
unless nifty trades above 5078..we will see lower levels like 5007-----4950---4924.
the major loosers among index counters were..axis,,icici,,r pack..precisely as i mentioned here.
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