Nifty moved in 48 point range with high volumes and neutral breadth. Important points for today.
1. Nifty down by 0.2% with 1.3 breadth.
2. 316th day since the highs of 6338, 41st day since the lows of 4531.
Nifty again closed below 5500 though the range was very narrow.Nifty's high today was yesterday's closing.So Nifty has not shown further aggression after yesterday's big move.Given the high volumes, Nifty is recording, there is still more room for Nifty to move up but this should now be tepid movement and likely capitulation of the Rally from mid-december.
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