Nifty was again in narrow sideways move of only 36 point with low volumes and neutral breadth. Important points for today.
1.Nifty up by 0.35% with 1.2 breadth.
2.84th day since the lows of 5177,150th day since the highs of 6338,37th day since the swing highs of 5906.
Nifty continues with its sideways action within narrow range.I expect Nifty should breakout above 5600 (marginally) to setup for a impulsive move in the down direction.That would be a capitulation of the sideways action since first week of may.Monthly range till now is 168 points,so coming days should see Nifty expanding its monthly range also.
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