Nifty moved in a narrow range and ended down with moderate volumes and slightly -ve breadth.Important points for today.
1.Nifty down by 0.5% with 0.65 breadth.
2.27th day since 6181,66th day since the highs of 6338.
Nifty closed above 5200 after dipping below 5200 briefly.Today's range was 75 points and breadth was marginally -ve.In the last 5 days Nifty is going down but with decreasing price action indicating divergence.Also 5150-5200 is a major support level.I expect to see ~5100 levels on Nifty either before Nifty bounce or after the bounce.End Of February to middle of march is seasonally weak period of Nifty ,so any bounce from here could last around end feb.
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