Monday, October 19, 2009

Nifty may move to centre of Sudha Madhyamam

Since Nifty has moved to Sudha Madhyamam band width (Low: 5123, Centre: 5286, Upper:5464) in 15.5x scale and reached a high of 5177 on Muhurat trading, Nifty may move to centre of the band ie. 5286. As tomorrow's Agni level is at 5209 Nifty may not move above that level tomorrow. So, Nifty may move to 5286 during this week and start declining as indicated by the position of Nifty below Agni level.

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