Wednesday, October 28, 2009

Nifty in Gandharam


Today (28-10-09)Nifty closed at 4826 in Gandharam band width with a loss of 21 points. Today's low was 4784 from where Nifty bounced back 83 points to 4867, today's high. Tomorrow's Agni level is at 4820, below the Nifty closing and hence positive. A bounce back up to 4900 may be possible. But, being the settlement day for October series high volatility is expected and seasoned traders alone may try their luck.

2 comments:

naresh said...

dear respected nandi
in your earlier posts u had advised to exit all long positions before monday, do u expect markets to crack very heavily after monday please advise
thanking you
naresh k chugani

Nandi said...

Dear Naresh,
After that on 27th it was pointed out that the expected fall had started earlier due to Moon-Jupiter conjunction. Therefore, exit all longs before Monday is no more valid. From the top Nifty already lost 450 points. From tomorrow onwards a minor bounce back may be there. But the fall will continue up to mid December. Watch Agni level and trade accordingly. Never buy when Nifty is below the Agni level