Friday proved the shy day for the market, there was very
range bound movement in the nifty of just 40 points. The peak point of the day
was 4952 and valley point was 4985.
While the heartening thing for the index bulls is Nifty’s
closing above the 5930-mark and not falling much below that level even when
there was quite a bit of weakness otherwise, the bear pressure may still be
there and we can’t be too certain of a sustainable recovery from here.....