Sunday, October 16, 2011

Nifty closes again in M1


On Friday(14-10-11)Nifty opened at 5057 with a loss of 21 points, moved up to 5114, moved down to 5079, move up again to 5141 and closed at 5132 with a gain of 54 points. Nifty futures range was 5056 - 5154, having a difference of 98 points. Though Nifty closing is in M1 (ie. above 5123) average for the day is 5099 and hence it can be considered as Nifty is still in G2. The coming week will confirm whether Nifty moves to M1 and whether it may move to centre of M1(5286). The Agni level for Monday is at 5201.

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