Good setup today in NSENIFTY. Market still looks tobe in bearish territory. But immediate bounce looks possibility. Todays close was strong among last 7 days close.
I wouldn't be surprised if nifty touches 5150 in next 2-3 days and come back down to todays range. But if we get positive bar with volume then we should be good for atleast week or two.
US market S&p main indicator looks to be confused as well. But it also has chances for short term 2-3 days of up move. May be 1-3% up then come back down without volume.
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