Tuesday, January 1, 2013

Dec31 Update

Nifty had a dull day as end of year with low volumes and +ve breadth. Important points for today.

1. Nifty flat with 1.3 breadth.
2. 529th day since the highs of 6338, 253rd day since the lows of 4531.

Nifty ended year 2012 in shortest range of last few years. This year's range was only 1377 points.Quarterly range too was 417 points only.On yearly basis Nifty has recovered 85% of down fall in Year2011.Nifty should expand the range in 2013.

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