Friday, August 3, 2012

Aug3 Update

Nifty dipped below 5200 levels but recovered to close above 5200 with low volumes and neutral breadth. Important points for today.

1. Nifty down by 0.25% with 0.7 breadth.
2. 431st day since the highs of 6338, 157th day since the lows of 4531.

Nifty ended the week with gain of 2.3%.This week's range was 117 points and Monthly range of August stands at 82 points.Nifty is trading sideways in band of 5000-5350 levels and any move beyond the limits with volumes should indicate medium term direction of Nifty.

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