Monday, September 7, 2009

Hold the longs till Nifty slides below Agni level.

At the closing today (7-9-09) Nifty PE is 21.49 and expected sell of didn't took place. So, Nifty rallied past 4759 and closed the day at 4783 with a gain of 103 points. Soma level for the day was at 4779 and Nifty's high was 4790. As Nifty has moved past centre point of Gandharam (4759)it may move to the end of Gandharam at 4859 tomorrow. Soma level for tomorrow is at 4852 and Agni level at 4687. Hold the longs till Nifty slides below Agni level.

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