Nifty bounced up today.Breadth was quite good and volumes were also good.This bounce could continue for another 1-2 days looking at the breadth of today.Important points for today.
1.Nifty bounced up 0.6% with4.0 breadth.
2.1st bounce after 7 days of downturn.
Nifty's correction is difficult to label after todays move as Wave4 daily or Wave1 down.Will look for more clarity for few days.Since Nifty has only moved 90 points above the January highs of 5309,so upsides are not extending much.Lets look for further signals before taking any short position for the big move down.
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