Wednesday, October 3, 2012

Oct3 Update

Nifty inched upwards amid narrow range with higher volumes. Important points for today.

1. Nifty up by 0.25% with 1.6 breadth.
2. 470th day since the highs of 6338, 196th day since the lows of 4531.

Nifty is moving in a very narrow range since last few days.Since Nifty is in medium/short term upmove, so this narrow range is likely to resolve itself in the upward direction with a thrusting move soon.Range for this week/month remains at 49 points in 2days.

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