Tuesday, September 11, 2012

Sep11 Update

Nifty edged towards 5400 levels with muted volumes. Important points for today.

1. Nifty up by 0.5% with 1.15 breadth.
2. 456th day since the highs of 6338, 182nd day since the lows of 4531.

Nifty is inching upwards albeit slowly.5450 will act as resistance point for Nifty beyond which higher doors will open up.This week's range is 84 points till today and monthly range is 178 points.Likelihood of upside expansion are increasing.

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