Nifty moved sideways today, with marginally +ve breadth and moderate volumes.Important points for today.
1.Nifty moved up by 0.5% with 0.6 breadth.
2.30th day of downturn from 5399(7th April).
Nifty's sideways movement ended below daily 5Ema(low ema).Nifty being unable to cross 200DMA intraday spells of weakness for Nifty.5th consecutive day below 5Ema.Conclusion of this move requires sharp and steep fall in next 1-2-3 days, since Nifty is not able to gather strength even after falling 2-5% after each rally.I expect a crash to happen till Tuesday(if it has to happen!).I am ready to go long aggressively if Nifty shows wild move on downside in coming days.
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