Nifty was sideways today with lower volumes and -ve breadth.Important points for today.
1.Nifty down by 0.3% with 0.24 breadth.
2.5th day since the lows of 5690 and 19th day since the highs of 6338.
3.Nifty up by 4.2% on weekly,reversing 1.5 bars of the 3 week fall in 1 week.
Nifty moved sideways and closed below 6000 levels.This was first pause of the Nifty and Nifty appears to be set for further gains early next week probably upto 6100 or so.This rally appears to me a corrective rally.Signs of further weakness in upmove will give indications of a reversal.
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