Today(25/8/10)Nifty opened at 5489 with a loss of 16 points, moved up to 5506, declined to 5453 and closed at 5462 with a loss of 43 points. Today's Nifty close is at the bottom of M2(5464). Nifty futures range was 5503 -> 5461. As today's Agni level was 5581, Nifty remained and closed below the Agni level indicating further downward moves. Supporting indication is the rise in gold prices (see the chart). Gold prices increased from Rs.1850/- to Rs.1870/-. Being F&O settlement day, high volatility can be expected tomorrow. Tomorrow's Agni level is at 5520.
3 comments:
Nandi I couldn't match todays values!
Do you have some different method for expiry ?
As outstanding volume is too low moved to Sept contracts.
Thanks Nandi.
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