Nifty moved up from yesterdays level with high volumes and +ve breadth.Important points for today.
1.Nifty up by 0.5% with 3.0 breadth.
2.16th day since the highs of 6338.
Nifty's upmove today was big on volumes and breadth too was +ve but the price action was only modest.Given todays breadth,Nifty could move upwards of 5900 in next few days in this pullback.5930 would act as important resistance level for Nifty.My view remains the same that Nifty would turn down for one more leg of downside.
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