Nifty surged above 5700 today with good volumes and +ve breadth.Important points for today.
1.Nifty up by 1.8% with 2.3 breadth.
2.101st day since the lows of 5177,167th day since the highs of 6338,54th day since the swing highs of 5906.
Nifty moved up after its narrow range movement of 3 days.Nifty has done a close above 5700.Strength of Nifty above 5700 has to be seen in next few days to see How many legs of upside may be there.Only if Nifty shows strength with volumes above 5700,I expect Nifty to open its next leg up towards 5950-6000 levels.
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