Nifty moved in a narrow range today,in continuation of yesterdays upmove.Breadth was +ve and volumes were moderate.Important points for today.
1.Nifty moved up by 0.3% with 2.2 breadth.
2.2nd day of upmove after 7 days of downturn.
3.Nifty closed below 5ema.
Nifty moved in continuation of yesterdays upmove with +ve breadth, though price action was very small.This may indicate that Nifty may spend another 1-2 days around the same level,given the +ve breadth.The broader direction is not clear after todays move , so will look for more data to come to any conclusion.
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