Sunday, July 26, 2009

Friday Nifty closing around Agni level

On last Friday after moving in the range 4505-4579, Nifty closed at 4569 with a gain of 45 points. The low of 4505 at 12.10 and the high of 4579 at 14.20, clearly indicates the up ward momentum of Nifty which is different from usual Fridays. Therefore, it is likely that next week also Nifty may continue its upward journey and it may move to 4611 / 4759. The Agni level for tomorrow is at 4571, almost same level as that of Friday closing and hence on Monday Nifty may move above Agni level.

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