Nifty marched upwards above 5400 with high volumes and +ve breadth. Important points for today.
1. Nifty up by 0.85% with 2.0 breadth.
2. 311th day since the highs of 6338,36th day since the lows of 4531.
Nifty closed above 5400 levels today.Nifty has closed above previous medium term high of 5399.This is indicating of a very bullish (6000+) levels in coming weeks or this is just deception.Will get more insight into this over the next 2-3 weeks.Nifty range for this week is 101 points till today.This is turning out to be a bullish week with a very narrow range and is indicator of a short term Top.
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