Nifty bounced back today though with low volumes and +ve breadth. Important points for today.
1.Nifty up by 1.1% with 2.6 breadth.
2.105th day since the lows of 5177,171st day since the highs of 6338,58th day since the swing highs of 5906.
Nifty bounced and closed above 5550 levels.I expect Nifty here to make highs above 5750 in this upmove in next few days.If Nifty does not go much above 5750(ie stays within 5850 zone) then this may also be capitulation move before Nifty moves down again.
No comments:
Post a Comment