Tuesday, December 22, 2009

Nifty range lowest - just 26 points


Today(22-12-09)moving in a very narrow range of 4971 - 4997, Nifty closed at 4986 with a gain of 33 points. Nifty futures range was the lowest (4967 - 5000; difference of just 33 points)since February, 2009. Tomorrow's Agni level is at 4944. As there is four days continuous trading holiday from 25th December, 2009 the strength of upward movement will be limited. A close again in the centre of Anthara Gandharam (4960)during this week also cannot be ruled out.

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