Friday, April 2, 2010

Nifty closes at the centre of Sudha Madhyamam


On Thursday(1-4-10)Nifty moved in the range 5267 - 5299 and closed at 5291 with a gain of 42 points, at the centre of Sudha Madhyamam again. Nifty closing is close to Agni level at 5292. Through out the month of March 2010 the difference between daily high and low of Nifty futures was below 100 points and average 52. At present the market is range bound and lacks direction. As Monday's Agni level is at 5288, on Monday opening Nifty is above the Agni level and it may move upwards.

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