HAPPY & SHUBH DEEPAWALI
On Friday Nifty taking support & resistance perfect to our levels , low was 11490.75 and high 11646.90 and our higher and lower ranges for Friday was 11660 to 11675 on the higher side and 11520 to 11485 on the lower side. and correction in the first half and then rally in the second half.
Nifty again range bound and forming a Harami pattern on daily charts in Japanese candlestick on Friday showing that nifty may remain range bound for Muhurat trading . The upper range for Nifty is 11689 to 11723 and on the lower side range is 11509 to 11490.
Break out and down from these levels may lead nifty to a sharp move on either side.