Monday, November 26, 2012

Nov26 Update

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

1. Nifty up by 0.2% with 1.3 breadth.
2. 506th day since the highs of 6338, 230th day since the lows of 4531.

Nifty moved in 26 point range and closed mildly in the green.Wayward movement continues within 200-250 point range.Monthly range for this month stands at 229 points with 3 days to go and yearly range is 1227 points.Chances of upside breakout above 5800 are more.

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