Friday, November 27, 2009

Exceptional Friday Effect 143 points


Today's(27-11-09) Nifty gap down opening at 4896 was more than anticipated and hence expected bounce back from 4935 did not materiealise. Exceptional Friday effect by way of bounce back seen after 13.10 and Nifty surged 143 points from 4807 to 4950. Nifty closing was at 4942 with a loss of 64 points. Nifty futures range was 4801 - 4960. Monday's Agni level is at 5005 and hence still in negative territory.

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