Monday, January 19, 2009

Exit Niftybees when Nifty touches Agni level

Tomorrow's Agni level has risen to 2825 just 21 points lower than today's (19-1-09) closing of 2846. Therefore, if Nifty does not move up substantially tomorrow there are chances that Nifty may touch Agni level and generate sell signal. Hence if Nifty goes lower than 2825(wait up to 2817)all longs including Niftybees should be exited. As Dow Jones is closed today, Asian market opening trend will decide the course of Nifty.

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