On which direction market is now in india

This is the 5th month that nifty is moving within a range of 5780 and 6360 to the optimum. The indecisiveness may indicate an movement either ways. The street view is that after Q2 2014-15 the market may go +ve. So, It may be taken that the resistance at 6350+ may be broken in a convicing manner to reward invested people.
Before that is there any chance to break the present range in the downwards direction or even touching a panic bottom around 5300? What exparts say?