Wednesday, June 15, 2011

Jun15 Update

Nifty slid down and closed below 5450 with low volumes and -ve breadth.Important points for today.

1.Nifty down by 1.0% with .52 breadth.
2.85th day since the lows of 5177,151st day since the highs of 6338,38th day since the
swing highs of 5906.

Nifty came down today but would need another day to confirm downmove.Nifty's move in this week has been 84 points till today and 168 points on monthly range.If impulsive downmove begins,I expect a big slide to around 5000-5100 in st line.

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