Nifty moved up and stayed in a very narrow range with low volumes and +ve breadth. Important points for today.
1.Nifty up by 0.4% with 3.0 breadth.
2.25th day since the lows of 5690,39th day since the highs of 6338.
Nifty closed above 6150 but moved in a very narrow range.Though on short term Nifty may be topping out around here but medium term Nifty may have one more leg on the upside left to unfold after a mild correction.I would look for signs of pullback here in Nifty.If pullback is mild then Nifty may undergo one more upside probably above 6350.January is the month of High Volatility in Q1,so I expect range in January to be more than that in December.
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