Monday, June 21, 2010

Strong Asian Markets lifts Nifty

Following strong Asian Markets, Nifty today(21-6-10) opened at 5329 with a gap up of 66 points, gained steadily up to 5367 (plus 104 points) and closed at 5353 with a gain of 90 points. Nifty futures range was 5316 - 5378. Thursday and Friday Nifty closed near the centre of Sudha Madhyamam (5286) and there was equal possibility for an up move or a down move today. But Nifty has opened gap up today due to strong Asian market cues and closed at 5353, above the Agni level for the day at 5327. Hence, Nifty may move towards top of Sudaha Madhyamam (5464). However, as mentioned in the last post, high volatility up to the the F&O settlement can be expected. Tomorrow's Agni level is at 5355.

1 comment:

rochak parekh said...

with the blessings of Shri SAINATH MAHARAJ & inspiration of Mr. I lango ji, Javed bhai, Nooresh bhai,Jagmohan ji, Laxmi ramchandran ji, Nandi ji, Amol bhai, Shai, Gautam, San, Amit, Rajgopal and other well wishers, i too decided to start a blog of myself on todays auspicious day of EKADASHI.
please have a look at it and please dont refrain urslf from commenting on it, be it a appraisal or a criticism, since it would help me only to improve myself.
looking forward for a co-operation from my trader community brothers.