Thursday, August 4, 2011

Nifty closes near 5300 level


Today(4-7-11)Nifty opened at 5424 with a gain of 24 points, moved up to 5435, moved in the 5389 - 5408 narrow range between 11.00 to 13.00, steadily moved down to 5323 and closed at 5332 with a loss of 73 points. Nifty futures range was 5325 - 5440, having a difference of 115 points. Tomorrow's Agni level is at 5360 and Nifty may move down as mentioned in yesterday post.

Note: Today there was conjunction of Moon with Saturn and it was not mentioned due to the uncertainty of its effect. Till 10-6-11 Saturn was in retrograde and up to 8-5-11 Jupiter was in opposition (180°). After that only in July it could be observed and the effect was adverse. With only one incident it cannot be generalized.

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