Volume was more and nifty range was also high compared to last seven days. But US was not as good as Indian market and it laid our nifty to shade all gains on coming week.
This time, Nifty is struggling at very crucial level 5260 to 5290. Also it is moving in a narrow range of 100 points for the last five days.
Nifty closing of below 5250 on weekly basis would only empower bears. and below 5200 more downfall can be predicated. Closing above 5310 has also limited upside till 5630 last rally high.