Nifty moved in a very narrow range with low volumes and -ve breadth. Important points for today.
1.Nifty flat with 0.47 breadth.
2.90th day since the lows of 5177,156th day since the highs of 6338,43rd day since the swing highs of 5906.
Nifty's range has compressed to less than 50 today amid very low volumes.Nifty is likely just taking a breather here before starting to move down.So any close below 5250 should be restart of downside impulsive move.Today's range compression is quite high being 48 points only,so Nifty could try to reverse tomorrow .
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