Tuesday, February 11, 2014

Feb11 Update

Nifty was directionless in narrow range with moderate volumes and neutral breadth. Important points for today.

1. Nifty up by 0.15% with 0.83 breadth.
2. 114th day since the lows of 5118, 66th day since the highs of 6342.

Nifty's range today was only 28 points. 6020-6030 is the downside support which if maintained for another 1-2 days should see Nifty inching towards resistance at 6130 levels. Range for this week till now is 37 points and monthly range is 150 points till today.

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