Nifty edged up above 6100 with moderate volumes and -ve breadth.Important points for today.
1.Nifty up by 0.8% with 0.67 breadth.
2.123rd day since the medium term lows of 4786,6 days since the highs of 6338.
Nifty closed above 6100 with lower volumes and -ve breadth.Both bearish and bullish options are open for now.Though I expect a correction on monthly basis in November that would imply Nifty remaining in bear mode for next 8-10 days.But If Nifty is headed up from here then there could be a correction in 1/2nd week of december.
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