Thursday, August 26, 2010

Nifty closes at bottom of M2 - 2nd day


Today(26-8-10)Nifty opened at 5482 with a gain of 20 points, moved in the narrow range 5464 - 5482 till 14.00, moved down to 5455(15.00), surged to 5484(15.25) and closed at 5478 with a gain of 16 points - High volatility between 14.10 and 15.30. Nifty futures range was 5458 - 5489. Being an exceptional Friday a small upmove and positive closing expected. Tomorrow's Agni level is at 5481. Cover shorts when Nifty moves above 5481.

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