Nifty moved upwards with moderate volumes and +ve breadth. Important points for today.
1. Nifty up by 1.0% with 1.9 breadth.
2. 351st day since the highs of 6338, 77th day since the lows of 4531, 34th day since the swing highs of 5629.
Nifty moved up with a range of 44 points today.Nifty is drifting directionless amid moderate to low volumes and narrow range since many days now.Periods of less volatility are followed by periods of high volatility.Nifty going up above 5600 is less probable, so I expect Nifty to trade like this, till it makes it way for a definitive downward slide. This week's range till today stands at 100 points.
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