Sunday, January 8, 2012

Jan6 Update

Nifty dropped down but recovered later with low volumes and neutral breadth. Important points for today.

1. Nifty up by 0.1% with 1.0 breadth.
2. 288th day since the highs of 6338, 13th day since the lows of 4531.

Nifty has paused at 4750 now for 4 days.I don't see lows being retested again or new lows formed, so Nifty's break of the range is expected to happen on upside.This weeks range was 206 points.

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