Nifty moved up today with moderate volumes and neutral breadth.Important points for today.
1.Nifty up by 1.2% with 1.4 breadth.
2.28th day since the lows of 5177,94th day since the highs of 6338.
Nifty moved up above 5450 today.Nifty is showing divergence in price action and breadth indicating that this upmove of Nifty that started yesterday may be the last one before the impulsive downmove begins.I am not convinced about this upmove crossing 5600 but I expect range of Nifty in March is 260 points only till today(5348-5608) which is too low,and some expansion in range should be there in the next 6 days(could be either side!).
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