Wednesday, October 5, 2011

Oct5 Update

Nifty moved in a 90 point range and closed just above 4750 with moderate volumes and -ve breadth.

1.Nifty down by 0.4% with 0.45 breadth.
2.226th day since the highs of 6338,26th day since the lows of 4720.

Nifty is hovering around the lows of 4720 since 2 days.I see Nifty gaining ground from here in next few days.Since this is 3rd time Nifty is testing the levels of 4700, so a bounce from here could be strong.

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