Sunday, June 1, 2014

May30 Update

Nifty moved around 7200 levels with high volumes and neutral breadth. Important points for today.

1. Nifty down by 0.1% with 0.9 breadth.
2. 183rd day since the lows of 5118, 76th day since the lows of 5933.

Nifty closed down by 1.9% on weekly closing.Weekly range was 386 points and monthly range of May was 925 points. Quarterly range also stands at 925 points.7200 is good support of Nifty, which if breached should take Nifty down towards 7000 levels.

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