Tuesday, March 20, 2012

Mar20 Update

Nifty moved in a narrow range with moderate volumes and neutral breadth. Important points for today.

1.Nifty up by 0.3% with 1.05 breadth.
2. 336th day since the highs of 6338, 62nd day since the lows of 4531,19th day since the swing highs of 5629.


Nifty closed mildly in the green today.Nifty may have bottomed out short term or may do so in next 2-3 days.I expect move above 5400 after that.Nifty is staying within its monthly and quarterly range.

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