Nifty moved sideways in a narrow range today with neutral breadth.Important points for today.
1.Nifty up by 0.2% with 1.0 breadth.
2.4th day since the highs of 5475.
Nifty was in sideways today.Since last 15 days Nifty is in 5350-5450 trading range.If the 5 waves of 43 day rally from 4786 are complete,Nifty should cut down to ~5150 levels in next few days.Momentum at 5150 will decide the further move on the downside for the Nifty.If Nifty has 1 more leg up left in this rally,then I expect Nifty to do that in next 2-3 days.
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