Wednesday, October 19, 2011

Nifty back to last Friday position


Today(19-10-11) Nifty opened at 5087 with a gain of 49 points, moved down to 5075, moved up to 5148 and closed at 5139 (last Friday closing was 5132)with a gain of 101 points. Nifty futures range was 5070 -> 5158, having a difference of 88 points. Though Nifty closing is in M1, the average is 5111 and hence it is still in G2. Clarity regarding further move is yet to emerge. Today Nifty closed just above Agni level at 5134 and tomorrow's Agni level is same as today closing ie. 5139.
As F& O October series terminates on Tuesday the 25th due to holidays on 26th(Pooja) & 27th(Diwali) Nifty will be highly volatile during next four days.

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