Monday, May 2, 2011

Niftyfutures' holds above 5700

Today(2-5-11)Nifty opened at 5775 with a gain of 25 points,moved down fast to 5719, moved down further to 5688 and closed at 5701 with a loss of 48 points. Nifty futures range was 5790 -> 5703, having a difference of 87 points. Similar to 19th April 2011 when Nifty moved down to 5693, Nifty futures remained above 5700. RBI credit policy review is due for tomorrow and Nifty may be highly volatile. Go long only if Nifty holds above Agni level ie. 5689.

No comments: