Wednesday, March 9, 2011

Mar9 Update

Nifty moved up above 5550 at open but moved sideways to down after that with low volumes and neutral breadth.Important points for today.

1.Nifty up by 0.2% with 1.4 breadth.
2.18th day since the lows of 5177,84th day since the highs of 6338.

Nifty remains stuck in range of 5400-5550/5600.If Nifty does not move beyond 5600 tomorrow,Nifty would likely do flat weekly closing(~5500-5540) and make an upmove next week.

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