Monday, March 8, 2010

Nifty closes at top of Anthara Gandharam(R20A0)


Today(8-3-10) Nifty opened at 5147 with a gain of 58 points and closed at 5124 with a gain of 35 points, at the top of Anthara Gandharam(5123). Nifty spot range today was 5110 - 5147 and Nifty futures 5105 - 5145. As Nifty close is at top of Anthara Gandahram it is likely to start its decline, provided it does not move to "Ga"(5168). Tomorrow's Agni level is at 5196.

4 comments:

Unknown said...

Sir your last line indicates that nifty will be down but not too much as low as it would touch Gandharam 4869 May be Decline till 5050 or 5000 possible Am i right Nandi sir

Nandi said...

Dear Prakash,
There was an error in the figure which crept in inadvertently. That is now corrected. Expect Nifty to decline step by step. It can go much below Gandharram, may be to Rishabham. But, it may take months. The traders having maximum patience alone will be benefited.

ravi said...

sir,

What is your view about nifty levels by end of this month expiry.

Nandi said...

Dear Ravi,
Please note the words of wisdom No.
4. "Do not marry any stock or time the market." It is a futile effort. So, not attempting to answer the question raised. If you are short, you may get opportunities to exit with profit.