Tuesday, December 20, 2011

Nifty closes in R2 ie. below 4612


Today(21-12-11)Nifty closed at R17A12 (256 x 17 + 16 x 12 = 4544) in R2 (Bottom : 4348; Centre : 4464; Top: 4612) and full filled the sub 4612 in closing basis (refer earlier posts). From the planetary transit table posted on last Sunday it can be seen that there was Moon-Saturn conjunction today. As new Moon is on 24th and Moon's conjunction with Venus is only on 27th, there is a possibility of an up move in between. Today Nifty & Nifty futures ranges were 4531 - 4637 and 4538 - 4640 respectively and was highly volatile(details are in the table). Tomorrow's Agni level is at 4528. Go long if Nifty remains above it.

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