Sunday, April 10, 2011

Nifty may move to centre of M2(5642)

On Friday(8-4-11)Nifty opened at 5906 with a gain of 20 points, moved up to 5913,moved down to 5822 and closed at 5842 with a loss of 44 points. Nifty futures range was 5927 -> 5882, having a difference of 95 points. As Nifty has touched the centre of P(5952) on Wednesday (when it gone to 5944.45) and started to decline, Nifty may move to centre of M2(5642)if it enters M2 area(ie. below 5797). Tomorrow's Agni level is at 5892.

Note: 12th(Tuesday) and 14th(Thursday) April are trading holidays on account of Ram Navmi and Dr. Ambedkar Jayanti respectively.

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