Nifty was sideways again with moderate volumes and neutral breadth. Important points for today.
1.Nifty up by 0.4% with 1.4 breadth.
2.246th day since the highs of 6338, 46th day since the lows of 4720.
Nifty spent all this week in 160 point range without challenging the previous week breakout high of 5399 even once.Nifty has taken support at 5200 multiple times but it can go below that before going past 5400 levels OR Nifty could go straight above 5400 levels and then start receeding.November monthly range till now is 125 points.November is turning out to be a low range month.
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