Nifty moved in a 47 point range in another dull day with moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 0.5% with 0.9 breadth.
2. 519th day since the highs of 6338, 243rd day since the lows of 4531.
Nifty closed the week 0.5% down.Range for this week was 126 points after 111 point range of previous week.Next week Nifty is likely to attempt higher levels again and if Nifty fails to close above 5950 on weekly closing then chances of Nifty's reversal will increase.But if Nifty closes flat to -ve on weekly closing , then there is a good chance that December end to January should see a big slide in Nifty.Range of Nifty remains 417/1378 on quarterly/Yearly basis.
1. Nifty up by 0.5% with 0.9 breadth.
2. 519th day since the highs of 6338, 243rd day since the lows of 4531.
Nifty closed the week 0.5% down.Range for this week was 126 points after 111 point range of previous week.Next week Nifty is likely to attempt higher levels again and if Nifty fails to close above 5950 on weekly closing then chances of Nifty's reversal will increase.But if Nifty closes flat to -ve on weekly closing , then there is a good chance that December end to January should see a big slide in Nifty.Range of Nifty remains 417/1378 on quarterly/Yearly basis.
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