Nifty moved in about 85 point range with low volumes and -ve breadth. Important points for today.
1.Nifty up by 1.1% with 0.15 breadth.
2.232nd day since the highs of 6338,32nd day since the lows of 4720.
Nifty closed above 5100 today.Nifty is in uptrend since last 6 days.Nifty is facing resistance in 5100-5150 zone since last 3 days.If Nifty fails to cross 5200 next week, then I expect a -ve weekly closing and breach of 5200 in diwali week or after that.But if Nifty crosses 5200 next week then it may hover around 5350-5400 for next 2 weeks before moving further high.
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