Nifty was sideways to -ve all day with moderate volumes and neutral breadth.Important points for today.
1.Nifty down by 0.65% with 0.83 breadth.
2.117th day since the lows of 4786.
Nifty moved in a range of 6266-6335 and closed below 6300.Nifty may well have entered a short term correction after a rally of 400 points in 6 days.If Nifty stays above 6150 this week then Nifty is likely undergoing short term correction of the impulsive move from 5930-6330,and Nifty could likely move to 6500-6600 after the correction.But if Nifty undergoes deeper cut below 6100 and sustains below that , then there could be deeper cut ahead.
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