Tuesday, April 15, 2014

Apr15 Update

Nifty dropped down below 6750 with moderate volumes and -ve breadth. Important points for today.

1. Nifty down by 0.6% with 0.7 breadth.
2. 154th day since the lows of 5118, 47th day since the lows of 5933.

Nifty tested lower 6700 levels today. 6650-6850 is the broad range for Nifty currently. Todays range was 102 points.  Nifty may move in this range for some more days before taking a upmove for 7000+ levels. This is 9th week from 5933.

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