Thursday, October 14, 2010

Wish you a Happy Vijayadashami

Today(14-10-10)Nifty opened at 6269 with a gain of 35 points, moved up to 6284, moved in the narrow range 6226 - 6250 up to 13.30, declined to 6158 and closed at 6177 with a loss of 57 points. Nifty futures range was 6318 -> 6181. As Nifty is near to all time high of 8th January 2008(just 53 points away from today's high) selling by some large investors cannot be ruled out. Hence cautious approach is required and better to avoid longs over night. Tomorrow's Agni level is at 6187.

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