Nifty moved sideways inside yesterdays range with moderate volumes and neutral breadth.Important points for today.
1.Nifty down by 0.4% with 1.4 breadth.
2.120th day since the medium term lows of 4786 and 9th day since the lows of 5937.
Nifty had an inside day indicating that the short term correction is not yet done.I expect sideways movement for next few days before Nifty breaks out decisively above 6350.However any sharp movement on downside below 6150 will open up new scenario on the downside.
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