Sunday, November 6, 2011

Nifty closes at centre of M1(5286)


On Friday(4-11-11)Nifty opened at 5326 with a gain of 60 points, moved down to 5294, moved up to 5325, again moved down to 5257 and closed at 5284, at the centre of M1 with a gain of 18 points. Nifty futures range was 5284 - 5354 having a difference of 70 points. Since Nifty is at centre of M1(5286) and also at Agni level(5287), direction of Nifty is obscure. Next week - after the G20 summit - may give some direction. Agni level for Tuesday is 5250(Monday is a holiday on account of Bakri Id).

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