As all the Asian markets are in Red and sentiment is weak today morning therefore weaker opening seen in Indian markets and Nifty traded most time between last Friday supports(5707-5730) and today achual trading range is 5720-5733.
Next moves first indication will be from sustaining beyond 5707-5733 with following possibilities:-
1- Sustaining below 5707 will mean high possibility of deeper correction beginning.
2- Firstly sustaining above 5733 and after that sustaining above 5756 will mean on going rally continuation after narrow range correction completion.