Wednesday, December 19, 2012

Dec19 Update

Nifty closed above 5900 levels amid narrow range and higher volume. Important points for today.

1. Nifty up by 0.6% with 1.3 breadth.
2. 522nd day since the highs of 6338, 246th day since the lows of 4531.

Nifty moved in a very narrow range of 29 points.Nifty has moved to previous swing highs of 5930 now.It is likely to push further up but if the momentum remains same, them upsides should be marginal only.No change in Monthly/Quarterly/Yearly range today with 7 days to go.

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