Friday, December 31, 2010

Year 2010 ends with Nifty @ 6135

Today(Friday the December 31,2010)being the last day of the year 2010, Nifty moved in a moderate range 6104 - 6147 and closed at 6135. Exceptional Friday Effect, that usually lifts Nifty 50 to 100 points was missing today. As high was limited to top of P(6154) and yesterday's closing was 6102, Exceptional Friday Effect can take place only if Nifty moves to negative territory in the morning which didn't happen. So, the anticipated selling opportunity was also missing. Any way, every thing that happened during the year that ends today is good. Let us see what is store in for the next year.

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