Nifty moved sideways today with higher volumes and neutral breadth.Important points for today.
1.Nifty down by 0.1% with 1.0 breadth.
2.60/6th day since highs of 5492( after 33 days of downturn).
Nifty moved sideways staying within yesterdays range.Nifty didnot break yesterdays low today,so if tomorrow Nifty is +ve or flattish -ve, then Nifty could bounce up again for another go at 5500 with a new weekly high closing.Outside of short term ie beyond 1-2 weeks , I see Nifty reversal to begin.
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