Tuesday, April 26, 2011

Nifty closes flat - but below Agni level

Today(26-4-11)Nifty opened at 5877 with a gain of 2 points, swiftly moved down to 5792, for 2 hours stayed within 20 points range, moved up to 5893 and closed flat at 5868, below today's Agni level(5876). Today's Nifty futures low(5393) was a freak figure and hence given Mini Nifty futures figures in the above table ie. 5793-5908. However, there is an interesting factor - last two digits are same. Tomorrow's Agni level is at 5933 and Nifty may move towards centre of P(5952). Avoid longs when Nifty is below Agni level.

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