Nifty bounced today with higher volumes and +ve breadth. Important points for today.
1.Nifty up by 1.9% with 2.2 breadth.
2. 295th day since the highs of 6338, 20th day since the lows of 4531.
Nifty made a decent bounce today and was up all day long.Since next resistance at 5100+ would be strong , so further upmove should happen in next 1-2 days.This upmove started from 4588 and is 12 days old now.So I see good chance that resistance level of 5100+ would be hit in this expiry ie in next 6 days, since this short term upmove is maturing now.
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