Thursday, August 11, 2011

Despite 520 points fall in DOW, Nifty stays in M1


Today(11-8-11)Nifty remained in M1(ie. above 5123)despite 520 points fall in DOW and most asian markets responded to that. Similar to August 9, Nifty remained stable today also (refer that post). Nifty opened at 5121 with a loss of 40 points, moved in the range 5128 - 5185 and closed at 5138 with a loss of 23 points. Nifty futures range was 5122 - 5187, having a difference of 65 points. As Nifty remained in M1 yesterday and today it may move to M2(5286) before expiry of August series. Tomorrow's Agni level is at 5010.

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