Monday, January 23, 2012

Jan23 Update

Nifty was rangebound in narrow range of 38 points with moderate volumes and neutral breadth. Important points for today.

1. Nifty flat with 1.0 breadth.
2. 299th day since the highs of 6338, 24th day since the lows of 4531.

Nifty is pausing in 5000-5050 range.Today was 16th day of this upmove from 4588.There could be one more shot at 5100+ in next few days before Nifty enters correction/consolidation.

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