Thursday, January 9, 2014

Jan9 Update

Nifty was again rangebound and closed flat with moderate volumes and -ve breadth. Important points for today.

1. Nifty down by 0.1% with 0.53 breadth.
2. 91st day since the lows of 5118, 68th day since the lows of 5700.

Nifty tested 6150 levels on lower side but closed flat with a range of 40 points. Weekly range remains at 80 points While monthly is 214 points. Nifty is in 70-80 point range since last 5-6 days. 6060-6100 is good support incase Nifty breaks 6130-6140 levels. Any close above 6200 is +ve and 6230-6250 is the main resistance.

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