Nifty sideways continues

Nifty is still within a range. In the morning Nifty opened above 5D EMA and just slipped below it.

10D EMA 5D EMA 5D HEMA 5D LEMA Nifty 5676 5670 5705 5645
Strength above 5705 on closing basis.

Nifty resisted

Yesterday also Nifty could not sustain above the trendline in Hourly chart. Today morning also after a gap-up opening it slipped below it. Important figures for today:
10D EMA = 5679
5D EMA = 5675
5D HEMA= 5715
5D LEMA= 5650

Currently nifty is at 5666 i.e. below 5D EMA.

Nifty again in Buy Zone

In a flat correction, it is moreover a sideways movement. Nifty has been moving within 50-60 points. A breakout will only confirm a direction. On upper side a close above 5740 may be the decider. Nifty Future Hourly chart today should sustain above the trendline.

Nifty Support & Resistance

Nifty is in sale zone (below 10D EMA & 5D HEMA). It is getting support at 5640-5660 range (near 20D SMA). Further weakness below this range and strenth only above 5705-5720 range.