Wednesday, April 7, 2010

Nifty closing third day at R21A0 ( 256 x 21 = 5376)


As expected, mild sell off came in when Nifty touched 5400 today (7-4-10) that pushed down Nifty to 5345. But, Nifty bounced back and closed at 5375 with a gain of 9 points. Nifty's closing at this level ie. R21A0 ( 256 x 21 = 5376)continues for the last three days. Either it can be a pause or preparation for a decline. Next two days may reveal what Nifty intends to do. Tomorrow's Agni level is at 5410.

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