Wednesday, October 5, 2011

Nifty moves to centre of G1(4759) as anticipated


Tuesday(4-10-11)Nifty opened at 4816 with a loss of 28 points, moved up to top of G1 ie.4870, swiftly moved down to 4728 and closed at 4772 with a loss of 78 points. Nifty futures range was 4726 - 4885, having a difference of 159 points. As Nifty has moved below centre of G1(4759) as mentioned on 2nd October 2011 and closed above that level caution is required. Agni level for Wednesday is at 4852. Tomorrow is a holiday on account of Dasara & Vijayadasami.

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