Nifty had a mild bounce today with moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 1.0% with 1.15 breadth.
2. 339th day since the highs of 6338, 65th day since the lows of 4531, 22nd day since the swing highs of 5629.
Nifty closed up today but was down on weekly basis by about 0.75%. This was 5th consecutive weekly down closing of Nifty.Nifty is taking support @5200 zone.Next week is the last week of this month and the quarter. Quarterly range of 1041 is likely to remain same till next week.Monthly range till this week stands at 28 points.Nifty's upside to above 5600 looks less likely to me as of now.So next few weeks would be very important for a decisive move in either direction by Nifty.
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