Wednesday, July 24, 2013

Jul24 Update

Nifty tanked today below 6000 levels amid moderate volumes and -ve breadth. Important points for today.

1. Nifty down by 1.5% with 0.3 breadth.
2. 672nd day since the highs of 6338, 390th day since the lows of 4531.

Nifty closed below 6000 levels today. Today's fall could be a reversal to downside or it may just be part of sideways movement of Nifty between 5900-6100.Breach of 5900/6100 on daily closing basis will decide the further trend. Weekly range stands at 131 points till today while monthly range remains at 333 points.

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