Wednesday, July 30, 2008

Nifty above Agni level.

Nifty today closed at 4314 above the Agni level of 4303. Tomorrow’s Agni level is 4225 only. Hence, Nifty’s tomorrow opening position is 89 points above the Agni level. If Nifty does not touch Agni level, fresh buy can be considered. As the Nifty moved up today, %k of slow stochastic didn’t come below 32. Being F&O settlement day and VIX is very high @ 51.72, high volatility is expected.

This Friday, not only a no moon day, but also a solar eclipse day. Even though Nandi is not having prior data for an eclipse day, he expects a bull move on that day. Let us see whether it materialises or not.

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