Nifty traded whole day within resistance range 5460-5520 yesterday and most of the time Nifty traded and consolidated within this range in last 2 days.
Nifty last 2 days intraday chart:-
Sentiment was heated due to positive announcement expectations in P.M. press conference and some retail buying possibility can not be ruled out yesterday. Doji candle formation with partially mixed patterns yesterday therefore more consolidation is required within 5420-5520 today. View is bullish and crossing of 5520 is also expected but little more consolidation is demand of confimation today.
Firstly trading within 5460-5520 today and finally crossing 5520 expected in couple of sessions.