Wednesday, January 19, 2011

Nifty closes below 5700 & Nifty futures in discount

Today(19-1-11)Nifty opened at 5748 with a gain of 24 points, moved in the range 5709 - 5748 up to 13.00, moved down to 5663 and closed at 5691 with a loss of 33 points. Nifty futures range was 5754 -> 5661 and at today's closing Nifty futures was at a discount. Though tomorrow's Agni level is at 5621, avoid going long. Nifty is likely to slide down to Agni level as was the case last week.

An informative piece on Open interest(O.I). Look at it, it will definitely enrich you.
Soma and Surya levels are being worked out based on O.I in Puts and Calls respectively.

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