NIFTY - Trouble at top!

Nifty, the profit taking was decent, lead by the recent entrants to the up move namely IT and Commodities. The mid caps and the internals suggest the fall has some legs to go and thus the corrective down move to unfold as long as we are below the 18480 area. After a decent time, there is a sell signal and thus fancy moves towards the 18300 level. Concerns on growth than the inflation is the new incoming "news" that the market is going to focus. Please note market will handle only one news at a time. Move over to growth from inflation. Stay focussed.
Supports 18380-18330-18280-Supply 18430-18450-18480