Nifty was sideways today with low volumes and -ve breadth. Important points for today.
1.Nifty up by 0.4% with 0.42 breadth.
2.127th day since the lows of 5177,193rd day since the highs of 6338,5th day since the lows of 4946.
Nifty is trading weak since last few days but is not breaking below 5000 levels.This looks like capitulating move sans price action to me.Here either Nifty could move up in st line from here or it could drop just below 5000 levels before starting its ascent.
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