Wednesday, February 10, 2010

Nifty closes again at centre of Gandharam


Today(10-2-10) also Nifty didn't move to the top of Gandharam(4859) as anticipated. It moved up to 4827 at the opening and up to 4821 at 13.22 and declined, despite good opening by European markets. Nifty futures high was 4824 at 13.22. After slipping to 4748 at the time of closing, Nifty closed at 4757 with a loss of 36 points, at the centre of Gandharam, where it was on 6th and 8th February 2010. As tomorrow's Agni level is at 4741, any move below that will generate a sell signal and Nifty may move down to centre of Chatusruti Rishabham (4464)without much delay.

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