Thursday, December 16, 2010
Nifty closes at centre of P(5952) again
Today(16-12-10)Nifty opened at 5881 with a loss of 11 points, moved in the range (+ or - ) 20 till 12.30, moved down to 5855(13.10), surged upwards from 5855 to 5956 (101 points) and closed at 5949 with a gain of 57 points, at centre of P(5952) again. Hence, global cues will decide the direction of Nifty on Monday. Nifty futures range was 5863 - 5980. Agni level for Monday is at 5971. RBI mid quarter credit policy review was announced at 12.00 noon today and market slid 17 points before surging hundred points.
17/12/2010 Friday is market Holiday on account of Muharam. Any further comments if required will be added on Sunday.