Wednesday, April 30, 2014

Apr30 Update

Nifty opened in the green but broke down below 6700 with higher volumes and -ve breadth. Important points for today.

1. Nifty down by 0.3% with 0.36 breadth.
2. 163rd day since the lows of 5118, 56th day since the lows of 5933.

Nifty closed below 6700 today with a range of 124 points. Monthly range ended at 219 points.If Nifty dips below 6650, then 6550 will be the next support level for Nifty but if 6650 is not breached then new highs may happen above 6870 levels.

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