Tuesday, October 19, 2010

First day of Pre-market call auction

Yesterday(18-10-10)market opened from 9.00 to 9.08 for pre-market call auction of 50 Nifty stocks. Regular market opened at 9.15 with the figure arrived at pre-market call auction ie. 6112.75. This is the first day of the new system introduced to eliminate the volatility at the opening of the market. It may take time to serve the purpose. Yesterday it gave a wrong direction (see table for details). Go long when Nifty moves above Agni level. Today's Agni level is at 6137.

Note: Unable to post it yesterday due to network problems.

No comments: