Tuesday, November 16, 2010

Nifty near centre of P(5952)

Though Nifty opened at 6144 with a gain of 22 points today(16-11-10), due to adverse global cues, after 11.00 a.m. it declined fast and moved near to centre of P(5952)as anticipated in Saturday's post. Expectation that Nifty may move to D1 (in yesterday's post) was thus aborted. Nifty closed at 5889 with a loss of 133 points. Nifty futures range was 6134 -> 5975. Tomorrow(17-11-10) being a holiday on account of Bakri-Id Thursday's Agni level is at 5956.

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