Monday, June 8, 2009

Expected on Friday materialised on Monday

On 4th June 2009(Thursday) Nandi posted "So, tomorrow's(Friday) movement will be interesting. Let us see whether Nifty will breach 4450 level. However 4400 will give a good support." Today (8-6-09)Nifty breached 4450, slipped to 4405 and 4400 level held good. Nifty's high was 4611 at the start of the trading. Then it slipped gradually and the fall after 14.00 was very fast.Today's Nifty futures range was (rounded off to nearest Rupee) 4604 - 4412 having a difference of 192 points which is exactly divisible by 8 (192/8=24 ie. 12 Annas). Tomorrow's Agni level is at 4545 and Surya level is at 4345. So, Nifty may slip further down tomorrow and recover thereafter.

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