Monday, March 23, 2009

Unique upmove !!!

Nifty's up move today (23-3-09) was unique - gap up opening of 57 points and steady increase with out retrace(did not came down 16 points any time today)and close at 2940 with a gain of 133 points. Panchamam center point is 2976 which is just 36 points up from the closing level. So, next days up move may be to Sudha Daivatham level ( bottom : 3077, Centre : 3178, top : 3263). Yesterday Nandi wrote that the direction of the next move is not clear. By gap up opening above the Agni level at 2850 Nifty's intention to move up was declared. Only question left was up to which level. The highest point of 2950 reached today was beyond the expectation of many. Always remember that the market is the King. What traders can do is just move in the direction of the market by using Agni level as the pointer.

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