Wednesday, April 15, 2009

Nifty in Kaisiki Nishadam

Nifty's today (15-4-09)closing was at 3484 in Kaisiki Nishadam band width ( Kaisiki Nishadam Low:3460, Center:3573, High:3646). From the strength shown by Nifty today it seems that Nifty may reach the high of Kaisiki Nishadam soon. Nifty's this Wednesday movement was similar to the last two Wednesday's ( 1st & 8th April). In tune with global cues Nifty opened from the bottom, steadily moved up wards and closed with good gains. The comparison is as shown below
Date ----- Begining ---- Closing
1st ---- (-) 43 ------- (+) 51
8th ---- (-) 108 ------ (+) 85
15th ---- (-) 71 ------- (+) 101

Nifty's upward movement was maximum at the closing ie. 3498 just above the Agni level. Tomorrow's Agni level is 3541 and it seems that tomorrow also Agni level will be touched.

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