16th January, 2009 was an Exceptional Friday, as most of the days Nifty was down during the week. Nifty opened in green and steadily moved up and closed the day at 2828. Niftybees closed the day at Rs.285.11 gaining eight rupees. Day before it's low came to Rs.273.00 as markets were down. On 13th (Tuesday) when Nifty crossed 2796 Nandi also bought Niftybees. But, Nifty didn't move beyond 2802, came lower and closed the day at 2745. On Friday also Nifty moved to 2809 and returned to 2787 before moving again upwards and closing the day at 2828. Observing the same, Nandi feels that we may have to consider the levels also having the width of one Anna (plus or minus 8 points from the level) and wait Nifty to move beyond 1/2 Anna (8 points) before executing the action suggested.
Next week Nifty may continue its up move for one or two days.
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