Nifty continued with its upside with moderate volumes and -ve breadth.Important points for today.
1.Nifty up by 2.1% with 0.15 breadth.
2.263rd day since the highs of 6338, 22nd day since the swing highs of 5399,6 days since the lows of 4639/4706.
Nifty gapped up but gave away the gains by closing.There was big divergence in breadth/price today indicating pofit booking at higher levels and skepticism about the upmove.Nifty's intraday reversal points that there could be range bound move between 4800-5000 for few days before Nifty moves up towards 5100-5200 levels.Today's range was 95 points.
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