Tuesday, July 21, 2009

Nifty closes near centre point of Chatu. Rishabham

Nifty today(21-7-09)moved in the range 4437 - 4505 (high in NSE site is 4524 which was not reflected in chart and also in Nifty futures)and closed near centre point of Chatusruti Rishabham (4464) at 4469 with a loss of 33 points. Range of Nifty futures was 4508 - 4438. Indications of Nifty's next direction will be revealed tomorrow in the day of longest total Solar Eclipse of the centuary. Tomorrow's Agni level is at 4591 and if positive, Nifty has to enter the 4600 area. Otherwise fast downward movement will be the end result.

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