Monday, August 30, 2010

Despite strong opening Nifty closes flat

Despite the opining at 5469 with a gain of 60 points today(30-8-10) all the gains were fizzled out and Nifty moved to negative territory between 14.00 to 14.30 and closed flat at 5415. Though exceptional Friday effect lifted Nifty as expected at the opening it could not maintain that level. Nifty futures range was 5465 -> 5390, some what similar to yesterday. Tomorrow's Agni level is at 5382 and do not hold longs if Nifty moves below that.

1 comment:

BALA said...

one important point is mercury retrograde.As and when mercury retrograde, the stock market changes it colors . Up to Sep 15, market will be voltail and wide swings are expected