Thursday, April 14, 2011

Nifty gains 188 points

On 13-4-11 Nifty opened at 5736 with a loss of 50 points, steadily moved up to 5924 ( gain of 188 points from the start) and closed at 5912 with a gain of 126 points. Nifty futures range was 5751 - 5948, having a difference of 197 points. An up move of that strength was unexpected. As it is reported that the net buy of FIIs was just 25.60 crores on that date the reasons of such an up move is yet to be known. Tomorrow's Agni level is at 5834. Nifty may move to centre of P(5952) as it was not reached during the last up move.

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