Saturday, November 8, 2008

Unanticipated up move

Even though on 5th November Nifty opened in up trend as anticipated it didn't sustain. Nifty plunged to Agni level and moved downwards and closed at 2995 on that day. Nandi hopes that the visitors of this blog exited at 3177, the Agni level for that day. Nandi did not anticipated the Friday afternoon up move, as the downward move was not deep enough as per slow stochastic figures ie. less than 20. For Monday ( 10th November ) Agni level is at 3051 and if Nifty moves beyond that point it is a buy. But Nandi feels that this up move may be a very short one.

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