Nifty drifted down but rebounded above 6000 with high volumes and -ve breadth. Important points for today.
1.Nifty up by 0.6% with 0.7 breadth.
2.91st day of rally since the lows of 4786(33 days of downturn).
3.21st day of rally from 5350/5402.
Nifty rebounded from 5963 level but the rally was on -ve breadth.Today being the first up day after a correction, so -ve breadth indicates that this rally could be the last one.Number of days in this leg of rally are already 21, indicating a very mature rally.If this rally extends into next week,then later half of october is likely to be critical for a correction.
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