Monday, October 25, 2010

Oct25 Update

Nifty moved up with moderate volumes and +ve breadth with slow momentum.Important points for today.

1.Nifty up by 0.7% with 1.6 breadth.
2.8th day since the highs of 6284.
3.3rd day since the short term low of 5966.

Next 2-3 days will be important as Nifty should attempt to move above 6200-6250 levels ,failing which there could be bigger downside fall.I will remain highly cautious about Niftys move this week.

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