Nifty ended mildly higher in the volatile session - HDFC Securities
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Daily Technical View on Nifty
* Niftyendedmildlyhigher inthevolatilesession onDecember11.
* At closeNiftywasup0.13%or 27.7points at 20997.
* Cash market volumes on the NSE remained aboveRs.1.06lakhcr.
* Broadmarket indices rosemorethantheNifty evenastheadvancedeclineratioroseto1.46:1.
* Niftyformedafreshnewhighandmadeahigher bottomcomparedtotheprevioussession.
* Niftyremained ina97point rangethroughthe dayandendedwithsmallgains.
* Nifty is in to continuationof anuptrend and holding longswithtrailingstoploss isadvisable fortraders
* Breadthofthemarketisverystrong
* Nifty is placed above all important moving averages, indicating bullish trend on all time frames.
* Niftycouldstayinthe20850-21050bandforthe nearterm.
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