Monday, March 11, 2013

Mar11 Update

Nifty consolidated the gains with moderate volumes and neutral breadth. Important points for today.

1. Nifty flat with 1.0 breadth.
2. 579th day since the highs of 6338, 303rd day since the lows of 4531, 7th day since the swing lows of 5693.


Nifty closed flat today around the resistance level of 5950-6000 levels. Nifty's behaviour in handling this resistance will decide its future course of action.Range for this month stands at 308 points till today. Nifty is evenly biased at the moment between 5700 support and 6100 resistance zone.

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