09/01/12

Nifty Mp3 09/01/12

Bn Mp3 09/01/12

A big neutral day in both indices where we saw a range extension on one side and a triple range extension on the other.

With a pull back late in the day erasing the gains from what would have been a 3I day otherwise, the market is back at the closing level it has chosen to be in the last three sessions.

Technically a failed down move and resistance at known ref points.