Nifty inched upwards with moderately low volumes and +ve breadth. Important points for today.
1. Nifty up by 0.8% with 2.0 breadth.
2. 346th day since the highs of 6338, 72nd day since the lows of 4531, 29th day since the swing highs of 5629.
Nifty moved further up above 5350.Today's range was very narrow at 34 points only.Nifty is up 3 days in a row but the volumes are moderate to low.This may be a corrective rally or a new impulsive move.Incase of a impulsive move, Nifty should cross 5500+ levels by next week.If Nifty chooses to go below 5200 again , then that shud be the start of a new impulsive downmove.This week's range till today is 100 points.
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