Sunday, November 23, 2008

Down trend reversed on Exceptional Friday

Despite US/Asian markets down trend, on Friday (21-11-08)morning, Nifty opened firm, gained 100 points, lost all gains at 2.00 p.m and again surged up to 160 points and finally closed at 2694 with 140 points gain. That was the outcome expected by Nandi on the exceptional Friday. Now expect uptrend up to 27th November 2008,the Amavasi day. Usually it is a trend reversal day and also helps Nifty to move up. Since Nifty has started to move up from 21st it is to be seen whether the up trend will be continued or reversed. Being an exceptional Friday, on 28th also Nandi expects positive move.

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