Nifty was flat with moderately low volumes and neutral breadth. Important points for today.
1. Nifty flat with 0.77 breadth.
2. 61st day since the lows of 5118, 38th day since the lows of 5700.
Nifty moved in 44 point range and closed flat. Lower 6000 levels is coming as support for Nifty. Any further cut below 5972(with volumes) should take Nifty to lower 5800 levels. But if Nifty manages to close above 6100 level, then bias would turn positive and upmove will be likely. Time till 2nd week of December is seasonally +ve when Nifty makes a bottom around last week of November.Range for this week stands at 93 points till today.
1. Nifty flat with 0.77 breadth.
2. 61st day since the lows of 5118, 38th day since the lows of 5700.
Nifty moved in 44 point range and closed flat. Lower 6000 levels is coming as support for Nifty. Any further cut below 5972(with volumes) should take Nifty to lower 5800 levels. But if Nifty manages to close above 6100 level, then bias would turn positive and upmove will be likely. Time till 2nd week of December is seasonally +ve when Nifty makes a bottom around last week of November.Range for this week stands at 93 points till today.
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