Nifty moved in a big range today but retraced all of the gains of 1st session towards the end.Important points for today.
1.Nifty up by 0.6% with 1.3 breadth.
2.12th day since the lows of 5177,78th day since the highs of 6338.
Nifty moved up after the budget speech but could not hold onto gains and tanked to near 5300 levels towards end.Breadth of Nifty since last 2 days has been neutral indicating Nifty is likely in sideways move and another down move could follow.Since Nifty came down by more than 150 points intraday,I expect Nifty to go down from tomorrow if Nifty's downleg is pending,else Nifty should start inching up(indicating downside move completed at 5232).
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