Tuesday, August 31, 2010

Nifty closes flat again after recovering 53 points

Today(31-8-10) Nifty opened at 5379 with a loss of 36 points, moved up to 5401, declined to 5349 (12.35), surged up to 5414 and closed flat (@R21A2) at 5402. In spite of intraday high volatility, for the last three days Nifty was closing at the same level ie. @ R21A2 - RI . At the same time Agni level was declining steadily giving indication of a reversal. As tomorrow's Agni level is at 5375 go long if Nifty holds above that level. Today's Nifty futures range was 5414 - 5356.

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