Wednesday, September 28, 2011

Sep28 Update

Nifty opened above 5000 but moved sideways later on and closed in the red. Important points for today.

1.Nifty down by 0.5% with 0.44 breadth.
2.221st day since the highs of 6338,21st day since the lows of 4720.

Nifty entered into its rangebound range of 4900-5200 again.I expect Nifty's sideways move to be finally resolved into upside push.Timewise, Nifty has spent 21 days since the lows of 4720.

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