Nifty was sideways today with low volumes and -ve breadth.Important points for today.
1.Nifty up by 0.15% with 0.31 breadth.
2.10th day since 6181,49th day since the highs of 6338.
Nifty moved in a narrow range of 70 points in sideways manner and closed flat.It looks as pause to me after 2 days of high volatility.I expect Nifty to make a downmove between 5400-5600 in this week.If Nifty does not exhibit increased momentum while going down , then Nifty would likely bottom out this week on intermediate term.First possible upside target to me will be 5900-5950 levels.
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