Tuesday, November 29, 2011

Nifty remains in G1 ie. below 4859


As Asian market cues were not good, Nifty didn't move to G2 as expected and remained in G1 itself. Today(29-11-11) Nifty opened at 4864 with a gain of 13 points, swiftly moved down to 4803, moved up to 4866, moved again down to 4787 and closed at 4805 with a loss of 46 points. Nifty futures range was 4788 - 4885, having a difference of 97 points. Tomorrow's Agni level is at 4795 and shifting from longs to shorts may be due today or tomorrow. Never hold longs when Nifty is below Agni level.

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