Sunday, April 3, 2011

Nifty closes flat on first day of April series

On Friday(1-4-11)Nifty opened at 5860 with a gain of 26 points, remained between 5810 - 5842 and closed at 5826 with a loss of 8 points. Nifty futures range was 5837 - 5885, having a difference of 48 points only. Yesterday's remarks "Though Nifty closed below Agni level for the day, closing is in P (Bottom: 5797, Centre: 5952 and Top:6154) which gives the indication that it may move to centre of P(5952)" is valid for Monday also. It may be advisable to stay away from market till the direction is clear. Monday's Agni level is at 5914.

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