Nifty tested 4750 and recovered to close above 4800 with high volumes and -ve breadth. Important points for today.
1.Nifty up by 0.6% with 0.63 breadth.
2.262nd day since the highs of 6338, 21st day since the swing highs of 5399.
Nifty is in about 100 point range in this week.This week is turning to be small range week.Nifty is in short term uptrend and could test 4700-4750 again by next week and if that is not breached then Nifty could likely head towards 5000+ level after.November has ended with a range of 687 points and range in this quarter is 760 points till today.
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