Friday, October 16, 2009

Nifty closes in Sudha Madhymam, but below Agni level


Contrary to the expectation, after opening with a loss of 16 points, Nifty today(16-10-09) moved up and closed the day at 5142 in Sudha Madhyamam band width (for details refer chart posted on 28 September 2009)with a gain of 33 points. Though Nifty could close above the yesterday close,it could not touch yesterday high. Further, tomorrow's Agni level is at 5194 and hence Nifty close is below the Agni level. So expect downward move in next trading day. Monday is a holiday on account of Bhau Bhij, a local festival.

1 comment:

Bhavani Prasad said...

HELLO,MR.NANDI THIS IS SARDAR,I AM ENJOYING YOUR POSTS WITH EXCEL PRESENTATION,THOUGH I DONT HAVE ANY MUSICAL KNOWLEDGE YOUR WORK VIBRATES ME,AND ABOUT ME I AM STUDENT IN GANN.

THANK YOU
SARDAR.