Nifty bounced back strongly with lower volumes and +ve breadth. Important points for today.
1.Nifty up by 2.0% with 1.85 breadth.
2.235th day since the highs of 6338,35th day since the lows of 4720.
Nifty has bounced after 2 days of losses.I expect 5200+ weekly closing this week.Strength of Nifty above 5200 will indicate whether this move is capitulation upmove or Nifty may move further high towards 5500.If Nifty is about to reverse in next 5-10 days then Nifty may touch 4500-4700 levels in 4-6 weeks.
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