Nifty was sideways within 65-70 point range with moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 0.2% with 1.0 breadth.
2. 313th day since the highs of 6338, 38th day since the lows of 4531.
Nifty seems to be finally pausing now.This kind of narrow range consolidation may continue till around expiry time.I expect that there should be one more move of this uptrend left which may begin after expiry.February is turning out to be a narrow range month with range of 268 points till now.Last week's range was only 105 points involving short term Top.So this week could see range expansion probably on the downside.
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