Nifty rose further and closed near 5000 levels with moderate volumes and +ve breadth. Important points for today.
1.Nifty up by 1.9% with 2.0 breadth.
2.228th day since the highs of 6338,28th day since the lows of 4720.
Nifty has bounced about 250 points in 2 days after getting support at 4700 for the 3rd time.I expect Nifty to face first resistance at 5150-5200.Pause/halt at 5200 should likely result in Nifty going further upto 5400 levels.
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