 "Buy Sell Ideas")
Just a pause before the new high
Trading for the previous week kick started with an upside gap owing to positive cues from the global peers. However, during the remaining part of the week, we saw index struggling at higher levels and at the same time, has been reluctant to fall also. Intraday declines were getting bought and the rallies were eventually witnessing some profit booking. As a result, the index got stuck in a small band of 150 – 180 points with gyration on both sides. Due to tail end correction on Friday, November 8, the Nifty pared down
