Sunday, July 11, 2010

Nifty closes above 5350


Friday(9-7-10)Nifty opened at 5337 with a gain of 40 points, moved in the range 5336 - 5357 and closed at 5352 with a gain of 55 points. Nifty futures range was 5326 - 5368. In the morning premium was around 10 points and it reduced to 2 points at the time of closing, which is a negative indicator. Nifty may move to 5464 if it crosses 5416 provided, global cues are favorable. Tomorrow's Agni level is at 5333.

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