Wednesday, August 5, 2009

Nifty again below Agni level

Today (5-8-09) Nifty closed flat at 4694 (R18A5 both days). Nifty after opening with a gain of 23 points moved up to 4717 (10.10 a.m.), came down to 4630 (11.30) and climbed back to 4708(15.06) before closing at 4694. As Agni level for tomorrow is at 4766, Nifty closing is below the Agni level for today & tomorrow. As tomorrow is a full moon day Nifty may exhibit tendency to move down wards.

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