Nifty ended flat with high volumes and neutral breadth. Important points for today.
1.Nifty up by 0.2% with 1.4 breadth.
2. 323rd day since the highs of 6338, 49th day since the lows of 4531.
Nifty ended flat today though it moved in 100 point range.Nifty is forming a short term base here with downside around 5200 levels.If Nifty moves up next 2 weeks then I expect Nifty to revisit the recent lows toward month end , else Nifty may try to consolidate over here and then move up towards middle of the month.Monthly closing today was around 4% up fro january.
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