Nifty bounced up today but with low volumes and +ve breadth.Important points for today.
1.Nifty up by 1.1% with 1.8 breadth.
2.22nd day since the lows of 5690,36th day since the highs of 6338.
Nifty resolved itself on the upside after few days of consolidation around 6000 levels.But the breakout is modest in price and low on volumes and breadth indicating weak momentum.strength of todays breakout in next few days will decide whether it is an impulsive breakout or final surge to complete the correction of the 3 week fall in November.
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