Dec22 Update

Nifty gave up some of the gains registered in last 2 days with low volumes and +ve breadth.Important points for today.

1.Nifty down by 0.3% with 1.15 breadth.
2.17th day since the lows of 5690,31st day since the highs of 6338

Nifty is fluttering at 6000 levels.I expect nifty to clear this hurdle and target 6150 levels in next few days.But Incase Nifty slides down from here,downside should be limited to ~5800 levels.Any weakness at/above 6150 could result in a major fall in Nifty.Next 2-4 weeks could be crucial for Nifty.