Friday, July 19, 2013

Jul18 Update

Nifty bounced above 6000 levels with moderate volumes and neutral breadth. Important points for today.

1.Nifty up by 1.1% with 1.2 breadth.
2. 669th day since the highs of 6338, 387th day since the lows of 4531.

Nifty closed above 6000 levels today.Nifty crossed the earlier highs of 6038. Range for this week now stands at 141 points. Nifty may head higher to 6150 level in next 1-3 days now.Lot depends on Bank Nifty and if Bank Nifty has bottomed out then Nifty can continue today's late momentum for another few days.

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