Nifty moved sideways in a narrow range with moderate volumes and neutral breadth. Important points for today.
1.Nifty down by 0.6% with 1.1 breadth.
2.242nd day since the highs of 6338, 42nd day since the lows of 4720.
Nifty moved in a range of 46 points today.Nifty has paused after 1 day of big breakout.This indicates to me that there is limited price appreciation from here.Nifty remains in short term uptrend, so there could be some volatility in 5200-5500 range for next few days.Nifty ended this month with 671 point range.So november shud be less volatile in range.
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