Nifty continued with its upsurge and closed above 5500 with moderate volumes and neutral breadth.Important points for today.
1.Nifty up by 1.0% with 1.4 breadth.
2.93rd day since the lows of 5177,159th day since the highs of 6338,46th day since the swing highs of 5906.
Nifty was up for the 5th consecutive day.Nifty has done faster retracement of the 4 day fall from 5500+ to 5195.Medium term trend of Nifty remains down.So I expect this upmove to be followed by new lows.
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