Thursday, May 16, 2013

May16 Update

Nifty hovered around 6150 levels with moderate volumes and neutral breadth. Important points for today.

1. Nifty up by 0.35% with 1.0 breadth.
2.623rd day since the highs of 6338, 346th day since the lows of 4531.

Nifty closed above 6150 today. Nifty is on its week for a +ve weekly closing 5th week in a row.Weekly/monthly/Quarterly range stands at 217/277/710 points. Nifty remains in good momentum and a sharp surge from here to new highs cannot be ruled out here.

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