Sunday, April 19, 2009

Nifty may break 3500 - 3300 range this week

Last three trading days Nifty moved to Kaisiki Nishadam bandwidth(above 3460)and was in the broad range of 3300 - 3500. Only on first day (15th) it closed in Kasiki Nishadam (3484). Next week will give indication whether it will break the resistance around 3500 or move down below the support at 3300. As Agni level for tomorrow is at 3460 go long only if it crosses 3468/3476 (8/16 points margin added).

2 comments:

isasdoniv said...

Hello sir how i can Know trade with u r agni level(buy/sell).kindly explain.I want to know to use u r agni level strategies
My id isasdoniv@yahoo.com
thanx

Nandi said...

Dear Isas,
What do you do when Agni comes where you stand ? Just move to a safer place, isn't it? The same way when Agni touches Nifty level drop it (HOT); when Nify moves above Agni, take it. That's all.