Nifty Back to POC levels Intraday

European stocks opened positive on the week start
Germany October unemployment change 6k vs 2k expected
Gold declined from the Highs,where eurozone PMI shown decline too
China cuts key liquidity rate after 2015
Eurogroup Press conference-Live

Nifty is awaited of global cues recently showing channel and hovering around the POC recent high it made above 11900 levels since it broke previous monthly high .

since we watching domestic actions by the RBI about gold selling .the money is flowing in stocks and index since the brokerage firms are still bullish.but the markets mind is so witty to change so retailers should stay aware for the further moves .

the diwali season in India ended and many auto sectors stocks performed good in this business cycles since the ministry took effort in the policy formulation of the auto sector .

the sell numbers as well came at moderate rise in precious report .

The POC has formed the support in nifty 11900 ,The global cues from Britain and European Union is awaited .for the second half move which is released shortly


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