Nifty was sideways today in narrow range with low volumes and neutral breadth. Important points for today.
1.nifty down by 0.15% with 0.8 breadth.
2.48th day since the lows of 5177,114th day since the highs of 6338.
Nifty closed marginally in red after 3 consecutive +ve closing.Today's move was narrow range of 49 points,low volumes and neutral breadth.So Whether Nifty is still in consolidation or is trying to reverse from resistance will clear up in next few days.My bull/bear scenarios remain the same as mentioned in previous post.
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