Friday, January 4, 2013

Jan4 Update

Nifty moved around 6000 with moderate volumes and neutral breadth. Important points for today.

1. Nifty up by 0.1% with 1.0 breadth.
2. 533rd day since the highs of 6338,257th day since the lows of 4531.

Nifty ended the week with a gain of 1.8% and close above 6000 levels.From previous swing highs of 5965, Nifty has barely edged up by 55 points in this breakout.If Nifty does not go up in next few days then sudden pullback is not ruled out in next few days. Range for this week/month stand at 123/85 points.

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