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Watch Nifty
Ø Nifty once again retraced its gain and went back to 5750 levels. However if it attempts 5690 one more time, it may go below it easily without much resistance. The next solid support levels are near 5450(+-1%). Bknifty has next support(below 10550), at 9800-9900. Generally, the gyration is expected near the bottom and time wise this sideways move could last till Feb-March. However we repeat that Long-Term trend is bullish. The downward correction is an oppurtunity.
Ø For 14/01 Nifty's supp is crucial 5690.
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