Nifty moved further up with moderate volumes and +ve breadth. Important points for today.
1.Nifty up by 2.3% with 2.3 breadth.
2.264th day since the highs of 6338,23rd day since the swing highs of 5399.
Nifty has bounced strongly from sub 4700 levels in last 7 days.Nifty is in good short term momentum and is heading into resistance zone of 5100+. Next week is likely to see Nifty Pullback.A new low by next week looks less likely so I expect Nifty to make a higher low in the pullback and reattempt the highs of this upmove after pullback.New low looks more probable now in first half of January.
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