Nifty - Unable to turnaround well
Despite the positive action the market was unable to turnaround well late last week. The candlestick patterns looked small. Resistance levels were respected, something that we did not see for two full months. The breadth also weakened a bit. Hence, we can’t say that the pullback that started from around 18000 levels is completed. The index needs more price and time correction before things get back on track.