#NIFTY View of the Market on the 12th of February.

 During my last post on the 8^th the view was that the downside is capped and more sideways movement for the index can be expected. The overall Index movement is still sideways. However the overall market saw sustained buying interest for last three sessions. More buying interest in the overall market can be expected for the coming sessions while the index could move sideways. Sustained closes above 10640 would be required to ensure up trend for the Index. But that will most likely take some time to happen.