Tuesday, June 11, 2013

Jun11 Update

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

1. Nifty down by 1.55% with 0.27 breadth.
2. 640th day since the highs of 6338, 363rd day since the lows of 4531.

Nifty closed below 5800 levels today. Nifty has started a new downside leg today. Next support comes at 5600-5700 levels. Weekly range stands at 151 points and monthly range is 231 points till today.

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