Monday, December 13, 2010

Nifty closes above 5900 after high volatility

Today(13-12-10) till 13.30 direction of market was uncertain and at that time Nifty was down by 52 points. Nifty opened at 5846 with a loss of 11 points, after touching 5881 it declined swiftly to 5796, stayed in 5805 - 5833 range till 13.30, moved upwards smoothly to 5914 and closed at 5908 with a gain of 51 points. Thus it was a highly volatile day. Nifty futures clocked an opening figure of 5985, almost 100 points up from yesterday close which might be an error committed by some Mumbai broker. Hence, today's future figures given are of MININIFY(20) and the range was 5797 - 5940. As Nifty close is above 5900, tomorrow it may move to centre of P(5952). Agni level for tomorrow is at 5782.

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