Sunday, December 15, 2013

Dec13 Update

Nifty slid further below 6200 levels with moderate volumes and -ve breadth. Important points for today.

1. Nifty down by 1.1% with 0.33 breadth.
2. 73rd day since the lows of 5118, 50th day since the lows of 5700.

Nifty closed below 6200 levels breaching the 6230-6250 zone. Nifty closed the week with a loss of 1.5% . Sustaining above 6250, Nifty may attempt higher levels 6350-6415. On Downside, Nifty has support in 6050-6150 zone. Weekly range was 254 points and monthly range stands at 266 points.

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