Wednesday, January 9, 2013

Jan9 Update

Nifty again slipped below 5900 levels with moderate volumes and neutral breadth. Important points for today.

1. Nifty down by 0.5% with 0.67 breadth.
2. 536th day since the highs of 6338, 260th day since the lows of 4531.

Nifty hovering around 6000 level continues with no headway in either direction.Nifty's range for this week is 84 points till today and monthly range is 107 points.5900/6050 remain as threshold points for breakdown/breakout.

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