Monday, June 1, 2009

Nifty close below Agni level - Exit

Today (1-6-09) Nifty closed at 4530 after a volatile session. Today's Nifty range was 4476 to 4545. Tomorrow's Agni level is at 4558 which is not only above the Nifty close,but also the high reached today. Hence exit all longs if Nifty does not stay above Agni level. As mentioned on last Friday expect some downward movement, the target may perhaps in the Shadjam bandwidth. Let us see.

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