Saturday, May 9, 2009

Nifty again back to Kaisiki Nishadam - Profit booking

Yesterday (8-5-09)Nifty opened mildly positive at 3711, steadily decreased and as in 6th May, came profit booking (at 12.00)which dragged Nifty to 3583. Later Nifty gained a little and closed at 3620 with a loss of 63 points. As said earlier the level 3600 acted as a strong support. Similarities can be observed for the two days mentioned above. High: 3717 & 3711 Low: 3608 & 3583 Closing: 3625 & 3620.

Note: Due to PC problems Vipani Sangeetham could not be updated for the last two days.

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