Nifty had little selling today and didn't seem to move a lot based on Greese news. Nifty had 3 higher selling days in last 5 days. Since we had a gap up opening on Feb 6, market seem to be stuck in this range. This may be a market digesting major move of last month.
I see negative breadth but still not enough to get bearish in this market. If market doesn't move on major news, we have supply at this level and don't allow market to move any higher.
I am getting little concern with this bullish market and seems like we will see little pullback at the best in near future.
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