Nifty dipped below 5500 but closed above it with very low volumes and neutral breadth. Important points for today.
1.Nifty up by 0.3% with 0.8 breadth.
2.78th day since the lows of 5177,139th day since the highs of 6338,31st day since the siwng highs of 5906.
Nifty stays in sideways range within range of 5328-5605.Break of this range could result in a momentum move.Since the previous impulsive move was down , so I expect that the next impulse would be down , since the sideways movement doesnot exhibit that Nifty is bottoming out around 5300 zone.
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