Nifty was rangebound in narrow range with low volumes and neutral breadth.Important points for today.
1.Nifty down by 0.3% with 1.15 breadth.
2.107th day since the lows of 5177,173rd day since the highs of 6338,61st day since the swing highs of 5906.
Nifty closed marginally in the red with very low volumes.Nifty's volumes are drying up on declines in this sideways movement of few days.This indicates that Nifty should start with an upmove soon.My expectation is that this next upmove is likely to be capitulating move of the upside move that started from 5195.
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