Wednesday, May 11, 2011

Tomorrow's Agni level is higher than Nifty close today

Today(11511)Nifty opened at 5557 with a gain of 16 points, moved in the range 5525 - 5575 as expected and closed at 5565 with a gain of 24 points. Nifty futures range was 5524 - 5578, indicating that Nifty was in discount also. As Agni level has gone up to 5569 for tomorrow, it is time to exit longs and move to short if Nifty remains below today's closing level.

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