Monday, July 11, 2011

Nifty closes below M2(5642)


Today(11-6-11)Nifty opened at 5653 with a loss of 8 points, moved down to 5602 and closed at 5616 with a loss of 45 points. Nifty futures range was 5605 - 5659, having a difference of 54 points. As Nifty closing is below centre of M2(5642), Nifty may move to bottom of M2(5464). Tomorrow's Agni level is at 5668 and holding of shorts is advisable unless Nifty moves above it.

No comments: