Monday, March 22, 2010

Nifty closes below Agni level


Today(22-3-10) Nifty opened at 5187 with a loss of 76 points and closed at 5205 with a loss of 58 points. In between Nifty moved in negative territory only in the range 5197 - 5249. Today Nifty closed below the Agni level at 5306. Tomorrow's Agni level is at 5284. As tomorrow's Soma-Surya levels are same as of today, Nifty may recover all the the losses, provided world market cues are favorable.

2 comments:

Sachin said...

Sir,

your way of looking at Nifty is very Musical (pun intended) but, would appreciate if you can educate us on how we can derive trading strategy based on the same & also, if possible, decipher Nifty ourselves albeit, the musical way.

Thanks,

Nandi said...

Dear Sachin,
Read reply to the comments in yesterday post. Analysing Nifty in Musical way is a new method that started very recently. It may take years to complete the project and arrive at a thesis.