Nifty pulled back after closing above 5700 with moderate volumes and -ve breadth. Important points for today.
1.Nifty down by 1.2% with 0.47 breadth.
2.102nd day since the low of 5177,168th day since the highs of 6338,55th day since the swing highs of 5906.
Nifty pulled back with down close of 1.2% .This was the second pullback in this 14 day rally since 5195.5500-5550 should provide support to Nifty on downside.I expect Nifty to move above 5750 in coming days.Since Nifty has managed to go Just about 35 point above first +ve swing high of 5705,I expect that Nifty would likely top out in 5750-5850 zone If it goes past 5750 in next 1-2 weeks.
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