Wednesday, September 7, 2011

Sep7 Update

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

1.Nifty up by 1.2% with 3.0 breadth.
2.206th day since the highs of 6338,6th day since the lows of 4720.

Nifty closed above 5100 levels.Today's breadth indicate that Nifty has more upside left.5200 -5300 zone will act as resistance and Nifty can break thru this zone only with a thrust.There could be a mild correction/pause around 5200 levels.

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