Thursday, October 22, 2009

Tomorrow is an Exceptional Friday


Today(22-10-09)also Nifty continued it's downward journey and almost reached the centre of Anthara Gandharam at 4960 (Nifty low was 4970), bounced back to 5006(15.25) and closed at 4989 with a loss of 75 points on averaging. During the last three days(Monday was a holiday)Nifty closed in red and hence tomorrow is an Exceptional Friday. Further, despite the loss of 75 points in Nifty, Soma-Surya levels remains the same as of yesterday. The above two aspects gives the indication that Nifty may bounce back tomorrow and close with gains near to yesterday close level ie. 5050. So, it is a buy when Nifty moves above tomorrow's Agni level at 5036. Stop loss is 4960.

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