Nifty extended its gain with low volumes and neutral breadth. Important points for today.
1. Nifty up by 0.8% with 1.4 breadth.
2. 277th day since the highs of 6338, 36th day since the swing highs of 5399.
Nifty closed above 4700 today.Nifty has bounced about 4.0% from the lowest closing.If Nifty sustains this bounce for another 2-3 days, then this is a sustainable bottom, since this was 4th attempt at 4700 and Nifty only breached that by 3-4%.Monthly and quarterly range now stand at 568 and 868 points.
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