Nifty looks sideways after it brok out of resistance at 7750 (now it's support and shown with thicker yellow line). Nifty may remain range bound if trades between its life time high and support at 7750.
Nifty if holds yesterday's low at 7773 then it may go up little further from current levels. Nifty has honored the strong support 7750 (shown with thick yellow line) as shown in the chart.
After opening flat nifty slipped below very important level of 7808 which it honored twice in last two days and broke out in the second half of the session yesterday to close at 7830. Nifty to remain bearish below the red line (shown in the chart).
Nifty is facing resistance near its lifetime high of 7808 and support at 7554. Nifty unless and until break one of these levels and sustains there it is going to remain sideways.
Nifty is near yellow line which may act as a support and red line which is yesterday's high may act as a resistance. Nifty just broke yesterday's high after failing to cross its lifetime high at 7808.
Level of 7557 (shown with yellow line) is a decider level above which nifty has a upside till 7695 (red line). Below this level there will be significant correction.