Monday, August 23, 2010

Nifty closes exactly at Agni level (5544)

Today(23-8-10)Nifty opened at 5542 with a gain of 11 points, moved in the very narrow range 5519 - 5550 and closed exactly at the Agni level ie. 5544 with a gain of 13 points. Nifty futures range was 5515 - 5543, having a difference of 28 points only. As tomorrow is a full moon day and F&O settlement is just two days away, high volatility can be expected. Tomorrow's Agni level is at 5592.


rochak parekh said...

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i hope, these articles help u some way or other, in trading or making decisions to follow somebody's recommendations.

Sandy said...

Nandi thanks for your input and I would test it for the large volume stocks only and have already made an excel sheet for it. Please tell me how to calculate exit levels.

Nandi said...

It was told many times earlier that there is no formula to work out Agni (Entry/Exit)level. It is derived from Kamolikav indicator. Agni, once consumed an item it vanishes. Similarly Agni level won't be any where in the Kamolikav indicator work sheet.

Sandy said...