Monday, September 19, 2011

Sep19 Update

Nifty moved in a narrow range of 49 points with -ve bias with low volumes and neutral breadth. Important points for today.

1.Nifty down by 1.0% with 0.9 breadth.
2.214th day since the highs of 6338,14th day since the lows of 4720.

Nifty closed below 5050 after moving in a very narrow range.Low volumes indicate that Nifty's sideways movement should be ending now and the upside should resume anytime now.Monthly range till today is 260 points with 9 days to go.

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