Wednesday, October 27, 2010

Nifty closes below the Agni level

Today(27-10-10)Nifty opened at 6055 with a loss of 27 points, moved up to 6076, after 12.00 p.m. declined nearly 100 points to 5988 and closed at 6013 with a loss of 69 points, below the Agni level. Nifty futures range was 6102 -> 6005. As tomorrow is the F&O settlement day for October series high volatility expected. A bounce back to 6100 levels cannot be ruled out even if it opens in red. Tomorrow's Agni level is at 6073.

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