Tuesday, July 13, 2010

Nifty closes above 5400


Today(13-7-10) Nifty opened at 5364 with a loss of 19 points, moved in the range 5358 - 5406 and closed at 5401 with a gain of 18 points. Though Nifty futures was in discount at the opening, it zoomed to 16 points premium after 2.00 p.m. Nifty futures range was 5359 - 5422. Nifty may move to top of M1(5464) if it crosses 5416. Nifty PE Ratio is at 22.63 and it can go up 23 ie. 5489. Above that, experts say a BUBBLE that can burst at any moment. Be cautious. Tomorrow's Agni level is at 5435.

1 comment:

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