Nifty carried on with yesterdays gain with moderate volumes and +ve breadth.Important points for today.
1.Nifty up by 1.0% with 2.5 breadth.
2.131st day since the lows of 5177,197th day since the highs of 6338.
Today's move indicates to me that Nifty has put a short term bottom in place.I would expect that the upmove will last for few weeks time.Nifty's range for this week is 157 points till today.Nifty's first resistance point will throw more light on the possible legs of this upmove.
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