Thursday, November 20, 2014

Nov20 Update

Nifty bounced off from 8350 levels to above 8400 amid moderate volumes and -ve breadth. Important points for today.

1. Nifty up by 0.25% with 0.58 breadth.
2. 295th day since the lows of 5118, 193rd day since the lows of 5933.

Nifty tested 8350 levels and bounced later to close above 8400 level. Nifty has found support at 8350 level and if this is retained then Nifty to make new highs above 8500 soon. Todays range was 57 and weekly/monthly range remain at 106/165 points till today.

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