Monday, January 21, 2013

Jan21 Update

Nifty continued its sideways slow upmove with moderate volumes and neutral breadth. Important points for today.

1. Nifty up by 0.3% with 0.9 breadth.
2. 544th day since the highs of 6338, 268th day since the lows of 4531.

Nifty continues with its slow motion upmove touching nearly 6100 levels today.Today's range was 29 points and monthly range now stands at 159 points. Staying above 5950, Nifty remains in uptrend and may continue like this, else if Nifty is topping out here, 5950/5850 should be breached in the first fall.

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