Thursday, January 27, 2011

Nifty closes at 5600 level

Today(27-1-11) Nifty opened at 5725 with a gain of 38 points, steadily descended to 5595 and closed at 5604 with a loss of 83 points. Nifty futures range was 5715 -> 5597, a difference of 118 points. Tomorrow being an Exceptional Friday a 50 to 100 points upward move is required. But,last month it was missing and hence now uncertain. Tomorrow's Agni level is at 5661. Never hold longs when Nifty is below the Agni level.

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