Tuesday, July 13, 2010

Jul13 update

Nifty inches upwards in a sideways move today with higher volumes and +ve breadth.Important points for today.

1.Nifty up by 0.3% with 1.4 breadth.
2.35th day of rally since lows of 4786(33 days of downturn).

Nifty's Wave5 looks like in a topping formation.4th consecutive day of upmove.Nifty may exhibit volatility now between 5250 and 5400/5450 before breaking down.

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