Well, the breakout above 4949 didn’t happen.

Part of the reason was that the heavyweights like Reliance and State bank and Infosys traded below their VWAP most of the day and were nowhere near their highs when Nifty was threatening it’s breakout.

Anybreakout by the Nifty without it’s leading stars has to be viewed with circumspection.

I will post the Open Interest table later today.