Nifty moved sideways in narrow range with moderate volumes and neutral breadth.Important points for today.
1.Nifty up by .03% with 0.9 breadth.
2.14th day since the highs of 6284.
Nifty moved in narrow range of 6094-6138 and closed flat with neutral breadth.Nifty is halting at around 60% retracement of the fall from 6284.For the bear case,Nifty can move up till about 6200 also.Only a fast momentum fall from here could give clear signal about Nifty's downfall.Daily charts are showing weakness and I don't see capitulation having happened for the weakness presisting for the last 14 days.
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