Nifty was sideways today in a narrow range with very low volumes and -ve breadth. Important points for today.
1.Nifty down by 0.2% with 0.65 breadth.
2.26th day since the lows of 5177,92nd day since the highs of 6338.
Nifty closed below 5400 for 2nd consecutive today.The volumes today were very low and range was only 65 points.Since the range breakout(below 5400) looks decisive, having closed below 5400 for 2 days,the move on the downside should happen now.But if there is a gap down and bounce tomorrow then Nifty may move in short term uptrend.
Medium term trend to me remains down.
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