Nifty bounced strongly with low volumes and +ve breadth. Important points for today.
1. Nifty up by 1.65% with 1.7 breadth.
2. 630th day since the highs of 6338, 353rd day since the lows of 4531.
Nifty bounced strongly from the around 5950 levels.if this is impulsive move , then it should take out the previous highs of 6229 in next few days. But if Nifty after today's move hovers around 6100 level and starts to recede, then it may be headed for decent fall ahead.
1. Nifty up by 1.65% with 1.7 breadth.
2. 630th day since the highs of 6338, 353rd day since the lows of 4531.
Nifty bounced strongly from the around 5950 levels.if this is impulsive move , then it should take out the previous highs of 6229 in next few days. But if Nifty after today's move hovers around 6100 level and starts to recede, then it may be headed for decent fall ahead.
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