Nifty bounced up moderately and closed above 5300 levels with low volumes and neutral breadth. Important points for today.
1.Nifty up by 0.8% with 0.75 breadth.
2.91st day since the lows of 5177,157th day since the highs of 6338,44th day since the swing highs of 5906.
Nifty closed above 5300 today and expanded its day range to 78 points after getting compressed to 48 points yesterday.Upside from here is limited, so Nifty could fall down from here now.Medium term bottom for Nifty should be near both in terms of days as well as Price.
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