After five days of narrow trading ranges, the Nifty finally took off , and it did it in style.
On Thursday, (today), the Index opened almost flat, then broke above the 15 minute high, never looked back, closing at the high point of the day, at 5745, a good 105 points up from its previous close.
This column has highlighted the cycles of contraction and expansion which are probably the only predictable cycle in the market.
After contraction comes expansion - this much is certain. When the expansion phase will come is more or less unknown, but it will come.
After expansion, markets become choppy, as theya djust to the new levels.