Thursday, November 22, 2012

Nov22 Update

Nifty moved in a narrow range with low volumes and neutral breadth. Important points for today.

1. Nifty up by 0.2% with 1.15 breadth.
2. 504th day since the highs of 6338, 228th day since the lows of 4531.

Nifty stayed above 5600 today though volumes were low.Nifty is still moving in its sideways range of 200-250 points.Bias remains on +ve side , since Nifty has not broken on downside in its repeated attempts. Monthly and Yearly range stand at 229/1227 points .

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