Monday, May 31, 2010

Tomorrow Nifty may close below Agni level(5119)


Today(31-5-10)Nifty opened at 5082 with a gain of 15 points, declined to 5039, moved up to 5098 and closed at 5086(near opening level) with a gain of 19 points. Nifty futures range was 5015 - 5072 ( discount increased to more than 30 points). Tomorrow Nifty spot may move to the expected 5100 - 5123 area, while Nifty futures may be in the 5080 - 5100 area. As tomorrow's Agni level is at 5119, it is likely that Nifty may close below the Agni level giving a sell signal.

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