For a change the advance/decline ratio is not being perverse.
It went negative in a correcting market yesterday, as against going negative in a rising market, which has been the trend for some time.
Yesterday the pullback was neat...no panic, no adventure.
This may continue as long as 2630-2635 are not violated.
Going by the recent pattern where an upside comes on the heels of a minor correction, I wouild not be too surprised if the Nifty seeks higher ground today, but this is more conjecture than analysis.
Besides the 2630-2635 levels, 2617-2611 are strong points. Below, this 2600. The danger level is 2630.
To the up, 2650 is crucial to climb above. Above 2665 would be safe zone. 2677 would be a difficult resistance.
Will follow up.