Nifty bounced up today and closed above 5600 levels with low volumes and neutral breadth.Important points for today.
1.Nifty up by 0.8% with 1.6 breadth.
2.108th day since the lows of 5177,174th day since the highs of 6338,62nd day since the swing highs of 5906.
Nifty closed above 5600 with somewhat increased volumes than previous two days, indicating short term Nifty may have started its climb up.Follow up move is required now.This move I expect to be the capitulating move and could go all the way upto ~5800 levels.
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