Saturday, September 10, 2011

Nifty back to G2


On Friday(9-9-11)Nifty opened at 5164 with a gain of 11 points, moved in the range 5108 - 5162 up to 13:00, moved further down to 5047 and closed at 5059 with a loss of 94 points. Nifty futures range was 5155 -> 5043, having a difference of 112 points. As Nifty closing is in G2 ie. below 5123 Nifty may move to centre of G2(4960) and to bottom of G2(4859). Full Moon on Monday and Moon's conjunction with Mars and Venus on 23rd and 28th respectively may support the down move. Tomorrow's Agni level is at 5156.