Wednesday, October 12, 2011

Nifty closes at 5100 level


Today(12-10-11)Nifty opened at 5023 with a gain of 49 points, moved up to 5056, moved down to 4998, surged to 5111 on positive global cues and closed at 5099 with a gain of 125 points. Nifty futures range was 5001 - 5118, having a difference of 118 points.
Today, the full Moon day (as full moon was marked both yesterday and today in calendar & panchang today was taken as it was very close)Nifty closed with good gains against the expectation of a negative closing. Though up to 13:00 it seemed normal and Nifty was around 5000, the global cues - Hangseng & European markets changed to positive from their earlier negative opening and DOW futures was up by 100 points - emerged thereafter boosted Nifty to break morning's high of 5056 and to move near to top of G2(5123). As tomorrow's Agni level is at 5124 avoid longs if Nifty doesn't stay above it. It may be noted that even today Agni level didn't give a sell signal.

Note: It is clarified that Full Moon was yesterday only (see comments).

3 comments:

kshetrayatraa said...

sir,
full moon was yesterday only. Today it was only upto 7'o clock in the morning after that pratima has started. FYI

Nandi said...

Thanks very much for clarification.
That means Nifty didn't shoot up on last full Moon day.
regards

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