Thursday, August 2, 2012

Aug2 Update

Nifty traded sideways in a narrow range with low volumes. Important points for today.

1. Nifty down by 0.25% with 1.3 breadth.
2. 430th day since the highs of 6338, 156th day since the lows of 4531.

Nifty traded in 27 point range with very low volumes.In 2 days of August , Nifty's range is only 37 points.if Nifty remains in narrow trading range of 200-300 points in August, then that should be bullish for the coming months.

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