Monday, June 28, 2010

Nifty closes above Agni level

Today(28-6-10)Nifty opened at 5300 with a gain of 31 points, moved between 5287 & 5339 (today also Nifty didn't go below the centre of Sudha Madhyamam at 5286) and closed at 5334 with a gain of 65 points. Nifty closing is above the Today's Agni level at 5309. Nifty futures range was 5292 - 5345 ie. six points premium. Agni level for tomorrow is at 5311 which is very close to today's Agni level. Hold longs only when Nifty is above the Agni level will be a safe strategy as Nifty range is very narrow ie. 5286 - 5400.

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