Monday, February 14, 2011

Nifty closes at top of M1(5456)

Today(14-2-11)Nifty opened at 5359 with a gain of 49 points, moved upwards steadily to top of M1(5464) and closed at 5456 with a gain of 146 points. Nifty futures range was 5336 - 5468, having a difference of 132 points. Since Nifty has moved to top of M1, which was expected to be reached during Monday to Wednesday, what next can be said only after seeing tomorrow's movements. If Nifty moves to M2 firmly(with daily average also) next level is centre of M2(5642). Agni level for tomorrow is at 5293.

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