Tuesday, August 4, 2009

Nifty below Agni level

Today (4-8-09) Nifty closed at 4681 with a loss of 30 points. Nifty opened at 4731, came down to 4643 by 14.35 and climbed back to 4694 before closing. As Agni level for tomorrow is at 4728, today's Nifty closing is below the Agni level for tomorrow and hence it is time to exit longs if Nifty does not move above 4728 tomorrow. As full moon day is near Nifty may slide down further.

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