Nothing much to update. Nifty remains rangebound in a broad trading range of 6240 to 6310 Spot. Narrower trading range is 6270 to 6295. Trade these ranges using other indicators till we get a breakout/ breakdown. Do not go short positionally till Nifty gives us a close below 6240. We had an inside day yesterday. Break above/ below yesterday's highs and lows would provide the first indications of a breakout. Watch carefully the price and volume action near the levels.
11 Nov: Nifty spot resistance at 6295-6310-6320-6335. Support at 6270-6255-6240 (strong) - www.niftypower.com
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