Wednesday, April 18, 2012

Apr18 Update

Nifty traded with +ve bias with moderate volumes and neutral breadth. Important points for today.

1. Nifty up by 0.2% with 1.3 breadth.
2. 355th day since the highs of 6338, 81st day since the lows of 4531, 38th day since the swing highs of 5629.

Nifty gave up the gains of 1st half and closed just at 5300.Nifty's short term bias is +ve but there is no momentum on upside. Today Nifty traded in a 49 point range after showing increased trading range since last 2-3 days.Weekly Range till today stands at 160 points.

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