Wednesday, June 3, 2009

Nifty closes flat below Agni level - 3rd day

Today (3-6-09) Nifty closed flat at 4531 after moving similar to yesterday, but with reduced spread (4575- 4479- 4535- 4531). Tomorrow's Agni level is at 4670 which is above Nifty close. Corrections are taking place, but intra day only. As 4400 put added five lakhs open interest today, it seems Nifty may not go below 4400 level. In every dip below 4500 buying is taking place and it pushes Nifty up. Agni level will come near to Nifty close if the flat closing repeats for two more days. Then it is a buy and Nifty will jump to Anthara Gandharam level.

No comments: