Tuesday, November 19, 2013

Nov19 Update

Nifty moved in very narrow range around 6200 with moderate volumes and neutral breadth. Important points for today.

1. Nifty up by 0.2% with 1.0 breadth.
2. 55th day since the lows of 5118, 32nd day since the swing lows of 5700.

Nifty closed just above 6200 levels. Nifty is consolidating the gains scored over previous 2 days.Sustaining for another 1-2 days , Nifty may move higher above 6350 in coming days. Todays range was 32 points and weekly range stands at 102 points.

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