Indecisiveness continues to be the order of the day and market is likely to be range bound in the range of 5700-5735-5800-6050-6135. As stated for last trading day of the week, Infosys as Infosys fourth quarter results were below analysts' estimates. One has a reason to worry if the level of 5735 is broken by the Nifty as Nifty is going to get a good support near 5800 levels. The figure of 5735 has importance as it also happens to be 200 days moving exponential average. Stiff resistance will be seen in Nifty at the levels of 6000 as it will act as a psychological barrier for Nifty. Markets are presently in the consolidation phase. The market will get a kick upstart with impending results and guidance for the coming year. All those looking for good profitable day trading shares can just latch on with the opportunity and those with patience can hold the quality midcap stocksas midcaps are available at good valuation in the market. Market breadth was negative with 1597 shares declining with 1303 shares advancing and thus coming week we may see selling pressure in Nifty during its consolidation phase.
