Nifty had a breakout today with high volumes and +ve breadth. Important points for today.
1. Nifty up by 2.3% with 2.3 breadth.
2. 315th day since the highs of 6338, 40th day since the lows of 4531.
Nifty had a big breakout today and closed above 5500 levels.Range expansion in this week has taken on the upside .With today's move , Nifty range is 191 points till today.Range expansion should continue further in this week.If Nifty closes above 5650 without halting then Nifty may head towards 6000 levels.But if 5650 acts as resistance then there could be a violent correction to around 5200 levels in next 2 weeks.This months range now stands at 383 points.
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