Nifty bounced strongly with low volumes and +ve breadth. Important points for today.
1.Nifty up by 3.3% with 1.9 breadth.
2.276th day since the highs of 6338,35th day since the swing highs of 5399.
Nifty's strong bounce indicates that bottom is likely made @4531 levels for short term atleast.Any further extension of the bounce to 4900+ will indicate that it's a medium term bottom and Nifty in that case shud remain in Upside move/bias for next few weeks ie 8-10 weeks.
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