Nifty moved past 5600 with heavy volumes and neutral breadth. Important points for today.
1. Nifty up by 0.8% with 0.8 breadth.
2. 317th day since the highs of 6338, 42nd day since the lows of 4531.
Nifty surpassed 5600 intraday but closed below it.Volumes are very heavy since last few days indicating the maturity of the move.If Nifty crosses 5600 levels then it is headed for 5900-6000 levels but if Nifty does not cross 5600 in next 1-2 days then a sharp fall is not ruled out next week with Nifty rebounding after the fall.Nifty expanded the month range to 447 points and quarterly range to 1018 points.
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