Wednesday, May 6, 2009

Sell off around Soma level - Back to Kaisiki Nishadam

Today (6-5-09)Nifty opened weak and reached 3637 (loss of 25 points)in the beginning and later gained steadily up to 3717 (Soma level 3734)and at 13.52 came a huge sell off (from whom don't know)which pulled down Nifty to 3608. After that Nifty closed the day at 3625 with a loss of 37 points. As largest value put is 3600 (todays position)it may act as a strong support for the time being. As Agni level is at 3731 a buy cannot be recommended.

2 comments:

Unknown said...

nandi,
how do u arrive at soma and surya levels?? is there any excel sheet to do so??
my mail id is ankitsolanki@in.com

Nandi said...

Dear Ankit,
Sorry, there is no excel sheet for it. Soma level is the weighted average of calls and Surya is the weighted average of Puts.