Nifty was sideways within a narrow range with moderate volumes and -ve breadth. Important points for today.
1.Nifty down by 0.6% with 0.58 breadth.
2.9th day since the lows of 5177,75th day since highs of 6338.
Nifty moved in a narrow range of 68 points.Nifty remains in sideways move within 5400-5600 after the upmove from 5177-5600.I expect Nifty to go up when this sideways move is completed.Today was 4th day of choppy action.The upmove to 5600 was of 5 days, so the sideways action likely should be max 10-12 days.
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