Nifty bounced strongly above 5600 with moderate volumes and +ve breadth. Important points for today.
1.Nifty up by 1.7% with 1.8 breadth.
2.111th day since the lows of 5177,177th day since the highs of 6338,65th day since the swing highs of 5906.
Nifty closed above 5600 level with good volumes.Nifty is in sideways move since many days.Nifty may have topped out at 5728 OR Nifty may make another attempt for 5750+ in another move.Next week Nifty should see some decisive movement as this week turned out to be compressive week with 110 points only.On upside I expect a Fake breakout above 5750 and on downside Nifty could drag down before catching momentum.
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