Wednesday, February 16, 2011
Nifty closes flat with a negative bias
Today(16-2-11)Nifty opened at 5468 with a loss of 13 points, moved in the range 5460 - 5505 and closed at 5482 with a gain of just 1 point. Nifty futures range was 5459 - 5508, having a difference of 49 points. As tomorrow's Agni level is at 5552, avoid long unless Nifty moves above Agni level.
Note: In carnatic music there is a raga "Shankarabharanam". Meaning of "Shankar- abharanam" is ornaments of Lord Shankara. Sasi(Moon) and Pannaga(Serpent)are important ornaments of Lord Shiva and the serpent around the neck of Lord Shankara is "Vasuki". Path of Nifty can be perhaps associated with the journey of Vasuki in the mount of Kailas. It is believed that the divine presence of "Vasuki" is in the Pampumekkattu Mana in Thrissur District. As Nandi is on a short visit to that divine place, figures for Friday may not be posted on Thursday night.