Monday, July 12, 2010

Nifty crosses 5400 intraday

Today(12-7-10)Nifty opened at 5385 with a gain of 33 points, moved from 5361 to 5403 and closed at 5383(near to opening level) with a gain of 31 points. Nifty was seen above 5400 last on 6-2-2008. Nifty futures was in discount through out the day and the range was 5356 - 5400. Today's comments valid for tomorrow also. But, there is a possibility that Nifty may move to negative territory. Tomorrow's Agni level is at 5370 and exit longs when Nifty moves below Agni level.

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