Friday, January 18, 2013

Jan17 Update

Nifty rebounded again from sub 6000 levels with moderately high volumes and neutral breadth. Important points for today.

1. Nifty up by 0.6% with 0.9 breadth.
2. 542nd day since the highs of 6338, 266th day since the lows of 4531.

Nifty continues to hover around 6000+ levels since last few days.Nifty looks at comfort at 6000- levels , so chances of upside breakout are more likely to happen. Monthly range remains at 133 points.

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