Nifty paused today moving in a narrow range with very low volumes and neutral breadth. Important points for today.
1.Nifty down by 0.4% with 1.3 breadth.
2.278th day since the highs of 6338,37th day since the swing highs of 5399.
Nifty closed the week with gain of 1.4%. Its 3 days now since the lows of 4531.Nifty is likely to attempt higher levels of 4850-4900 next week.If Nifty has formed medium term bottom @4531(likely) , then 5100-5200 levels are likely by 1st week of January before Nifty shows some correction or Pause.Last week of december is +ve for Nifty, and I expect a +ve closing bias for next week.The ranges for this year and quarter are likely to end at 1660 for 2011 and 868 for Q4.
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