Wednesday, February 13, 2013

Feb13 Update

Nifty stayed above 5900 today with moderate volumes and  -ve breadth. Important points for today.

1. Nifty up by 0.2% with 0.63 breadth.
2. 561st day since the highs of 6338, 285th day since the lows of 4531.

Nifty moved above 5950 levels but closed below it.Today's range was 47 points and Nifty was up for 2nd consecutive day.Weekly range is 90 points till today. Nifty remains in bearish mode in short term unless it goes above 6000 for 2-3 days. Monthly range stands at 173 point till today.

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