Tuesday, January 18, 2011

Nifty closes @ 5724 , above Agni level


Today(18-1-11)Nifty opened at 5703 with a gain of 48 points, moved in the range 5671 - 5731 and closed at 5724 with a gain of 69 points. Nifty futures range was 5672 - 5742, and the premium varied from 1 point to 18 points. Tomorrow's Agni level is at 5620 and hence Nifty may move upwards to top of M2(5797) and if crossed (with daily average also) Nifty may move to centre of P(5952).

2 comments:

Sandy said...

Pls explain Daily average. Is it that nifty spot closing avg. for 5797?

Nandi said...

Dear Sandy,
Daily average is the average of daily high & low. Nothing more.