Nifty bounced today and closed just below 4900 levels with ow volumes and +ve breadth. Important points for today.
1.Nifty up by 1.1% with 2.3 breadth.
2.130th day since the lows of 5177,196th day since the highs of 6338,1st day since the swing lows of 4796.
Nifty bounced today and closed in the gap of 4900-4930.Another day of upmove is needed to confirm todays upmove as sustainable for few more days.Nifty's monthly range is 755 points till today.If Nifty goes up for next few days then I don't expect Nifty to come down to retest the lows of 4800 levels anytime soon.
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