Wednesday, August 20, 2014

Aug20 Update

Nifty opened above 7900 but gave up the gains to close below 7900 amid moderate volumes and neutral breadth. Important points for the day.

1. Nifty down by 0.3% with 1.25 breadth.
2. 239th day since the lows of 5118, 132nd day since the lows of 5933.

Nifty opened at new highs but could not sustain 7900+ level and closed below it. Today's range was 56 points and weekly/monthly range stands at 143/382 points. Nifty today broke the rising trendline from 7540 and closed below it. 7850-7800 are good support of Nifty.

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