Nifty bounced back above 5800 levels with moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 1.1% with 1.2 breadth.
2. 659th day since the highs of 6338, 377th day since the lows of 4531.
Nifty regained some of the lost ground of previous two days. Range for this week is 144 points till today. If Nifty has bottomed out at sub 5600 levels , higher levels should be coming ahead Or Nifty may take a dip to 5500/5500- levels to bottom out in next few days. I see one of these two moves coming in next few weeks.
1. Nifty up by 1.1% with 1.2 breadth.
2. 659th day since the highs of 6338, 377th day since the lows of 4531.
Nifty regained some of the lost ground of previous two days. Range for this week is 144 points till today. If Nifty has bottomed out at sub 5600 levels , higher levels should be coming ahead Or Nifty may take a dip to 5500/5500- levels to bottom out in next few days. I see one of these two moves coming in next few weeks.
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