Wednesday, November 18, 2009

Nifty closes near 5056 (R19A12) - Third day


Today(18-11-09)also Nifty closed flat at 5055 with a loss of 7 points(5056=R19A12), after moving + or - 20 points from yesterday close. Not only that, Nifty was repeating "Da" & "Ni" swaras for the last three days without giving any idea whether it's next move is up or down. Perhaps, it may the silence before the storm. If so, we can expect fast moves within next two days. Tomorrow's Agni level rose to 5109 from today's 5088 (today's Nifty high was 5079). Watch the break out of the range 5040/5000 - 5085/5120 for direction of the market.

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