Thursday, February 5, 2009

Don't expect normal Friday movement tomorrow

Tomorrow's(6-2-09) Agni level is 2748 and Nifty closed today at 2780 indicating a buy tomorrow, provided Nifty does not go below 2748. For the last two weeks Nifty is moving within a range of 200 points with the characteristic of one/two days up and next one/two days down. It has to go either to 3150 plus or 2500 & less. Direction is yet to be decided. As Nifty is above the Agni level, chances are that tomorrow's direction may be upwards and 50 plus points closing gain cannot be ruled out.

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