Thursday, January 16, 2014

Jan16 Update



1. Nifty flat with 0.64 breadth.
2. 96th day since the lows of 5118, 73rd day since the lows of 5700.

Nifty attempted to go higher above 6350 but could not sustain and closed flat. Todays range was 47 points and weekly range is 157 points. 6250-6350 is the current range of Nifty for now with upward bias. Closing beyond these points will create tradeable moves. Monthly range stands at 219 points (6139-6358). It is likely to expand in coming days.

No comments:

Post a Comment