Sunday, April 12, 2009

Agni level above Nifty closing.

Agni level for tomorrow (13th April,2009) is at 3461 against Nifty closing of 3342. Considering the above aspect along with the fact that %k of slow stochastic is above 90, the chances of Nifty moving down a little bit is very high. It is also to be noted that Nifty was up continuously for the last 5 days just before the doji on 9th April. Next day the 14th is a holiday for the market on account of Dr. Ambedkar Jayanti and from 15th April, 2009 onwards results for the last quarter are due and Infosys results are on 15th April.

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