Wednesday, March 9, 2011

Some fast mooves coming ?


Today(9-3-11)Nifty opened at 5563 with a gain of 42 points, moved down to 5477 (11.35) moved up to 5552 and closed at 5531 with a gain of 10 points. Nifty was highly volatile today and it crossed yesterday closing level many times ( minimum 10 times). Nifty futures range was 5478 - 5573, having a difference of 95 points.

Tomorrow's Agni level is at 5543 and above that Nifty may move to 5600 - 5642. If Nifty moves below today's low it may move to 5400 or lower. Maximum increase in Put today (340,850)is in 5000 strike which dashes a danger signal. So, Nifty below 5477 is to be watched for exit of all longs.

2 comments:

VIJAY said...

sir
agni level is a nifty spot level?

thanks

kumar

Nandi said...

You are right, Vijay Kumar. Agni level is being worked out from the Nifty spot close figures and hence Agni level refers to Nifty spot.