Nifty bounced strongly with higher volumes and +ve breadth. Important points for today.
1. Nifty up by 1.7% with 1.25 breadth.
2. 337th day since the highs of 6338, 63rd day since the lows of 4531, 20th day since the swing highs of 5629.
Nifty closed above 5350 today.Nifty it seems has turned up in the very short term. Nifty may attempt to regain 5500 levels again now. But if this is just a broad correction of the fall from 5629-5171, then Nifty may top out in this correction around 5500 levels.
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