Monday, December 17, 2012

Dec17 Update

Nifty had another dull day with moderate volumes and neutral breadth. Important points for today.

1. Nifty down by 0.4% with 1.15 breadth.
2. 520th day since the highs of 6338, 244th day since the lows of 4531.

Nifty spent another day in narrow range of 36 points.Another flare up in Nifty could open the gates for further upsides above 6000 Or it could be a culminating move, depending on how Nifty manages to close this week.Quarterly/yearly range remains the same at 417/1378 points.

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