Sunday, June 6, 2010

Move to Sudha Madhyamam yet to be confirmed

On Friday(4-6-10) Nifty opened at 5119 with a gain of 8 points, moved down to 5092, moved up again to 5148 and closed at 5136 with a gain of 25 points. As Nifty didn't move above 5160 (above "Ri"), the up move to Sudha Madhyamam was not convincing. Nifty futures range was 5071 - 5135. Agni level for Monday is 5085. Developments after market closure such as 323 points dip in DOW, 25% public share in listed companies and petrol price hike talks may lead to a steep decline on Monday.

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