Tuesday, January 21, 2014

Jan21 Update

Nifty was sideways in narrow range amid moderate volumes and neutral breadth. Important points for today.

1. Nifty up by 0.15% with 1.0 breadth.
2. 99th day since the lows of 5118, 76th day since the lows of 5700.

Nifty didn't do much all day , moving in a range of 33 points. Nifty has +ve momentum and sustained the gains scored yesterday. If 6300 is preserved for another day, then 6400+ could be seen in this week itself. Weekly/Monthly range stands at 87/219 points.

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