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.
4 comments:
hello friends
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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. sandyorg123@gmail.com
@Sandy,
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.
OK NANDI
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