Today(2-7-11)Nifty opened at 5496 with a loss of 21 points, moved down to 5434 (Agni level was 5439) and closed at 5457, bottom of M2(5464). Nifty futures range was 5499 -> 5433, having a difference of 66 points. Volatility due to US debt ceiling concern still continues. As tomorrow's Agni level is at 5419, hold longs only if Nifty remains above it.
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