Thursday, July 28, 2011

Nifty's down move continues


Today(28-7-11)Nifty opened at 5491 with a loss of 56 points, moved in the range 5476 - 5512 and closed at 5488 with a loss of 59 points. Nifty futures range was 5473 - 5517 having a difference of 44 points. Being the next trading day after F&O settlement, tomorrow is an exceptional Friday and there is a possibility of a 50 to 100 points up move intra day. If it does not materialise then Nifty may continue its downward journey in coming days. Tomorrow's Agni level is at 5542.

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