Monday, March 16, 2009

Nifty Index Future follow up

Nifty Index Futures followed the character posted by Nandi(difference divisible by 8), till 3-25 p.m. today and at last closed the position with 3 points difference. The time wise position of Nifty Index Futures (rounded off to nearest Rupee) was as given below:
9.55 : 2719 - 2707
10.04 : 2731 - 2707 (Difference 24 points divisible by 8)
11.39 : 2731 - 2699 (Difference 32 points divisible by 8)
12.00 : 2731 - 2697
13.55 : 2765 - 2697
14.37 : 2777 - 2697 (Difference 80 points divisible by 8)
15.25 : 2780 - 2697

This is just for showing the method to be followed. The traders interested in this
may continue to observe and post comments after a period of time, say 2 weeks. Nandi won't be posting the daily position as done today.

As Nifty is yet to touch the Agni level, Nifty may move to Prati Madhyamam (2821) level before moving downwards.

No comments: