Nifty moved in a very narrow range with moderate volumes and +ve breadth. Important points for today.
1. Nifty up by 0.2% with 2.0 breadth.
2. 291st day since the highs of 6338, 16th day since lows of 4531.
Nifty today sustained the breakout move of yesterday with increased volumes.If Nifty stays above 4800 for next 2 days, then next week has good chance of Nifty seeing 5100 levels.I see 4531 as a reliable medium term bottom having been formed now.
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