Wednesday, November 9, 2011

Nifty closes @5221, below centre of M1


Today(9-11-11)Nifty opened at 5318 with a gain of 29 points, moved in the range 5265 - 5298 up to 14:15, swiftly moved down to 5212 and closed at 5221 with a loss of 68 points. Nifty futures range was 5332 -> 5226, having a difference of 106 points. Today Moon conjunct-ed with Jupiter and tomorrow is a full Moon day (Indian market will remain closed on Thursday on account of Gurunanak Jayanthi). As Nifty has moved downwards from the centre of M1(5286)where it was staying from 1-11-11 it may move to 5168 - bottom of M1(5123) on 11-11-11. Agni level for Friday is at 5251.

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