Saturday, November 23, 2013

Nov22 Update

Nifty moved around 6000 levels with lower volumes and neutral breadth. Important points for today.

1. Nifty down by 0.1% with 0.83 breadth.
2. 58th day since the lows of 5118, 35th day since the lows of 5700.

Nifty closed flat and on weekly basis closed 1% down. Weekly range was 240 points.  Nifty is taking support at 5950 levels , decisive break below 5950 will take Nifty to 5800->5700 levels. Close above 6100 will open the path upto 6250 atleast.

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