Market Behavior with Intraday Nifty Analysis

Hi, friends 18/4/12, nifty traded sideways and filled the gap after the European opening . Form beginning of day it is a no trade day.

Let us see how to identify it:
1. Market opened above the falling trend line (Daily chart).
2. Market opened and traded sideways till 9:45 with below average volume.
3. Market indicators like Nifty <20 and AD:1. - Indicates sideways market.