Nifty was in sideways today with moderate volumes and neutral breadth.Important points for today.
1.Nifty up by 0.2% with 0.8 breadth.
2.2nd day since the 43 days rally(upto 5475).
Nifty was in 5400-5450 range today but the breadth at closing was -ve.Breadth since last few days is -ve even with positive moves indicating exhaustion of the rally from 4786.Two consecutive -ve closing days with decent price action would confirm a reversal.Though Nifty can still surge higher in this rally till about 5500 levels.I look forwards to the two scenarios indicated before.
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