Thursday, March 17, 2011

Nifty swing reduced to 60+ points

Today(17-3-11)Nifty opened at 5454 with a loss of 57 points, moved up to 5510, after Repo Rate increase by 25 basis points announced in RBI credit policy review(12 noon) steadily declined to 5435 and closed at 5447 with a loss of 64 points. As today's loss (64 points)is more or less equal to yesterday's gains(61 points)closing is near to low of M2 only. Within a gap of one or two days Nifty close is always at the boarders of M1 & M2 in this month so far(ie. 7th, 11th, 15th & 17th). Tomorrow, Nifty may open in positive and move to negative territory and Agni level is at 5479.

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