Monday, October 29, 2012

Oct29 Update

Nifty continues its sideways movement with low volumes and neutral breadth. Important points for today.

1. Nifty flat with 0.65 breadth.
2. 487th day since the highs of 6338, 213th day since the lows of 4531.

Nifty continues to trade in a clueless fashion.Unless upper/lower end of Range breaks, directionless trading will continue.But October has range of only 182 points till today and this is very narrow range.Nifty remains in medium term upmove since lower support levels are retained till now.

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