Thursday, November 28, 2013

Nov28 Update

Nifty bounced above 6100 levels but could not sustain and closed below it with moderate volumes and +ve breadth. Important points for today.

1. Nifty up by 0.7% with 1.5 breadth.
2. 62nd day since the lows of 5118, 39th day since the lows of 5700.

Nifty closed in the green today just below 6100 levels. Today's range was again 44 points and this week's range till now stands at 93 points. Breach of 6050 could lead to fall upto min 5950 now while closing above 6100 levels can see rally upto 6200+ levels in short term.

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