Sunday, August 29, 2010

Nifty closes in M1


On Friday(27-8-10) Nifty opened at 5495 with a gain of 17 points, declined and moved in the range 5452 - 5483 up to 13.30, later declined fast to 5392 and closed at 5409 with a loss of 69 points. Nifty closing on the first day of new series (Sept) is exactly at the last day of July F&O (29th July,2010). Nifty futures range was 5490 -> 5398, a decline of 92 points. As Exceptional Friday effect was missing it may appear on Monday. Agni level for Monday is at 5412, indicating a buy when Nifty moves above it.

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