Tuesday, February 1, 2011

Nifty closes @5417 - last seen mid August 2010

Today(1-2-11)Nifty opened at 5539 with a gain of 33 points and closed at 5417 with a loss of 89 points (for details see table above). Nifty futures range was 5542 -> 5411, a difference of 131 points. Though Nifty close is below M2, average being 5471 M2 is maintained. Today's Nifty close level was last seen in mid August 2010( ie. 5418 on 16th August,2010). Tomorrow's Agni level is at 5369 and if Nifty declines below that centre of M1(5286)can be expected.

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