Nifty was ranged in 5900-5950 today and closed near 5950 with lower volumes and +ve breadth.Important points for today.
1.Nifty up by 0.6% with 2.8 breadth.
2.12th day since the lows of 5690 and 26th day since the highs of 6338.
Nifty moved up for 3rd consecutive day.Nifty should likely take out the previous swing highs of 6069 before giving any pause in this rally.I expect the move upto/above 6069 in next few days.Time taken since the highs/lows indicate that this upmove is likely a corrective move.I don't expect a deeper cut in december but I would remain cautious if the rally shows signs of weakening around 6100+.
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