Tuesday, November 30, 2010

Nifty slightly up despite negative opening


Today(30-11-10)Nifty opened at 5777 with a loss of 53 points, declined further to 5768 (-62 points) before 12.00, surged to 5892(+62 points)and closed at 5863 with a gain of 33 points. Nifty futures range was 5777 - 5915. Tomorrow's Agni level is at 5753.
No change in the view expressed in Sunday post. Nifty may move to centre of P(5952), but avoid fresh buys for long term.

4 comments:

Sujatha said...

Amazing sir really :)

hats off to you.

warm regards

kalyani said...

Sir
Generally Nifty if Closes above Agni level we can carry Longs and vice-versa...But today we have reached the Surya level and closed almost near to it Does such a closing anything ?? Like Extreme Bullishness or Any sense from it as Nifty made a High of 6280+ level on Pre-opening session a couple of Days back ...........

Nandi said...
This comment has been removed by the author.
Nandi said...

Dear Sujatha,
Nandi's master Lord Nataraj is to be praised. Nandi deserves nothing.

Dear Kalyani,
If you are a day trader in Nifty please follow "AGNI BREAKS OPEN PREMIUM" - by clicking on it you will get full details. Today from the opening itself all four factors were positive and a BUY. For positional trade what you have understood is correct. "Soma - Surya - Agni" levels changes daily and figures given is valid for that day only. Cannot make any comment regarding 6243 seen in pre-auction on 29-11-10 till Nifty closes above 6154.