Nifty moved in a narrow range with moderate volumes. Important points for today.
1.Nifty up by 0.3% with 1.2 breadth.
2.94th day since the lows of 5177,160th day since the highs of 6338,47th day since the swing highs of 5906.
Nifty was up for the 6th consecutive day.This is very fast retracement of the fall from daily high of 5592(13 days to 5257).This makes me doubt the character of this upmove being a bounce before a impulsive move.Next 1.5 weeks are going to be critical as Nifty is likely to take a swing either way in coming days.
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