Wednesday, July 9, 2008


Today Nfty moved to Rishabham after 9 days in Shadjam. So far the Nifty points in current carnatic music scales were held good, even though one day Nandi was doubtful. As Nandi requires some more time to confirm whether today’s up move is the start of a new raga or not, Nandi feels that long term buyers may wait for the confirmation. For those who can exit on Agni levels can take small positions to capitalize this up move. But, Soma Surya levels are not showing much improvement when compared to the magnitude of up move today. Even though yesterday Soma levels were good Nifty did not move to that level due to the negative opening of European markets.

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