Nifty dropped down below 5800 but recovered later on to close flat with moderate volumes and -ve breadth. Important points for today.
1.Nifty down by 0.1% with 0.7 breadth.
2.49th day since the lows of 5177,115th day since the highs of 6338.
Nifty continues to confound everybody with its consolidation phase.For an upmove to happen from here ,Nifty could drop down below 5800(closing basis) before making a move above 5950.OR this could be the start of the downslide all bears are waiting for!.Wellmore signals are needed to confirm that.So Nifty continues with its range bound trade
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