Monday, May 20, 2013

May20 Update

Nifty resisted at 6200+ levels with moderately low volumes and neutral breadth. Important points for today.

1. Nifty down by 0.5% with 0.7 breadth.
2. 625th day since the highs of 6338, 348th day since the lows of 4531.

Nifty closed in the red today. Volumes were low today with mildly bearish breadth. Monthly/Quarterly range after today's move stands at 319/752 points. Nifty remains in strong upside momentum after 5 weeks of strong gains.

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