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StockMarket-Wasim

WHAT NEXT WITH SENSEX ?? JUST MOVING IN A SIDEWAYS TREND.

Indice S&P BSE SENSEX (BSE:SENSEX)  
StockMarket-Wasim  
BSE:SENSEX   Indice S&P BSE SENSEX
Trend Analysis Chart Patterns Fundamental Analysis sensex sidewaystrend sidewaysmovement
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trendanalysis chartpattern fundamental sensex sidewaystrend sidewaysmovement
Sensex has felled by almost 200 points from the past 1 month.
It is just moving almost in a SIDEWAYS trend.
Is this happening because of the excessive valuation of sensex ???
Acc . to RBI the valuation of SENSEX AND NIFTY are higher than expected.
Is this the cause of this SIDEWAYS/DOWNTREND ??
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