Saturday, March 5, 2011

Nifty closes flat @ 5539 with negative bias

On Friday(4-3-11)Nifty opened at 5594 with a gain of 58 points, moved up to 5608, moved down to 5545, moved up again to 5570, moved down to 5524 and closed flat at 5539. Nifty futures range was 5518 - 5612, having a difference of 94 points. Similar to Moon-Venus conjunction on 1st March, the ill effects of Moon-Mars conjunction were visible in US & European markets on Friday. As tomorrow's Agni level is at 5595 ie. above Nifty closing, Nifty may move downwards.

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