Thursday, March 31, 2011

Nifty closes with gains for the 8th successive day

Today(31-3-11)being the last day of the financial year 2010-11 and settlement day of March series Nifty was highly volatile. Nifty opened at 5826 with a gain of 38 points, moved down to 5803, moved up to 5872, moved down to 5779, moved up again to 5850 and closed at 5834 with a gain of 46 points. Nifty closed with gains for the 8th successive day, which was not seen during the past two years. Though Nifty closed below Agni level for the day(5883), closing is in P (Bottom: 5797, Centre: 5952 and Top:6154) which gives the indication that it may move to centre of P(5952). It may be advisable to keep away from the market till the direction is clear. Nifty futures range was 5783 - 5880, having a difference of 97 points. Tomorrow's Agni level is at 5905.

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