Nifty confirmed its upmove by moving closer to 5700 with moderate volumes and neutral breadth.Important points for today.
1.Nifty up by 0.85% with 1.4 breadth.
2.112th day since the lows of 5177,178th day since the highs of 6338,66th day since the swing highs of 5906,25th day since the swing lows of 5195.
Nifty closed above 5650 today.Nifty is in short term upmove now.If Nifty shows strength above 5700 in next 2-3 days, then Nifty may have more upside above 5750-5800 levels but if Nifty falters around 5750 level then Nifty may reverse towards 5200 levels in next 1-2 weeks.
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