Wednesday, March 30, 2011

Nifty closes below Agni level - after 21st March 2011

Today(30-3-11)Nifty opened at 5754 with a gain of 18 points, moved in the range 5767 - 5803 and closed at 5788 with a gain of 52 points. Nifty futures range was 5771 - 5818, having a difference of 47 points. Nifty closing today is below Agni level(5811)- after 21st March, 2011. During the past 7 trading days Nifty added 423 points (on closing basis)and it has moved to top of M2(5797) from M1(below 5464). As Nifty close today is below Agni level for the day and tomorrow's Agni level is at 5883 it is time to exit longs and move to shorts.

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