Thursday, November 25, 2010

Nifty closes at bottom of P(5797)


Today(25-11-10)also Nifty was highly volatile. Opened at 5900 with a gain of 34 points, Nifty moved in the range 5849 - 5907 up to 13.00, though declined to 5826 at 13.30 by 15.00 it moved up to 5871 and gave the impression that closing will be around 5900 levels. But, the sell off started at 3.00 p.m. shaved off 100 points and Nifty closed at 5800 with a loss of 66 points. Thus Nifty closed today at the lower end of P and below the Agni level. If Nifty slips further it will be M2 area. As tomorrow is an exceptional Friday an up move of 50 to 100 points to materialise. It is to be seen where it closes tomorrow. Nifty futures range was 5909 - 5792. Tomorrow's Agni level is at 5842.

2 comments:

GANESH said...

Nandi sir,

You mentioned upto M2 Level possible, Where i can get those leves... Please mention it...
Thanks...

Nandi said...

Ganesh, see the post today. Border to border is the range for each swara and centre is the points shown against each. It is observed that once Nifty enters to a range it definitely move to the centre. It may or may not touch the boarder.