Wednesday, May 22, 2013

May22 Update

Nifty went further down with moderate volumes and -ve breadth. Important points for today.

1. Nifty down by 0.3% with 0.46 breadth.
2. 627th day since the highs of 6338, 350th day since the lows of 4531.

Nifty closed below 6100 levels today and was down for 3rd consecutive day. Weekly range is 155 points while monthly/Quarterly range are 319/752 points. Nifty has corrected with lower volumes so trend still remains up.

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