Nifty noticed a lack luster movement today. Nifty was down
36.20 points to 5,836.40. The index hit a low of 5,814 in intraday trade. The
index hit a high of 5,842 in intraday trade. The index is at a crucial
intersection between the bulls and the bears. Bulls have a ready job at hand they
must be able to defend the zone between 5860 and 5780 throughout the week
failing which they risk allowing the market to slip into the bears’ grip at
least for some time. .....