I am expecting many more sideways days.
Smart_trade
Reasons for my above view :
1) There is no immediate trigger which is strong enough to push the market above 9680-9700.Market is heavy above 9680.
2) Domestic liquidity will not let it fall much...traders have no incentive to create larger short positions in small 50-70 points fall.
3) If there is no sufficient short positions created,then there won't be any short covering when the market goes up so the rallies will be short lived and small...
4) Few sectors are going up, few are pulling the index down...
So few more sideways days....
Smart_trade