Tuesday, June 10, 2014

Jun10 Update

Nifty moved sideways today in 100+ pt range with high volumes and neutral breadth. Important points for today.

1. Nifty flat with 1.0 breadth.
2. 190th day since the lows of 5118, 83rd day since the lows of 5933.

Nifty closed flat after dipping below 7600 early in the morning. Nifty may pause here if it remains above 7500-7550 zone. A Dip below that Zone, may indicate start of deeper correction.Monthly range now stands at 444 points till today.

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