Yesterday(10-2-12)Nifty closed at 5382(a figure that can be derived from rearrangement of digits in 5328) with a loss of 30 points. At 13:35 Nifty was at 5341, down 71 points. Nifty futures range was 5350 - 5443, having a difference of 93 points. The day of Moon's conjunction with Mars has seen world markets in red as anticipated(see February Grahanila post). Agni level for Monday is at 5414.
6 comments:
I have a hunch...deep correction starts next week
HOW TO FIND NEXT DAY AGNI LVL.
Dear Shri Jonak,
Your hunch must have some base, may be oversold positions. But, timing the market correctly is very very difficult. It is easier to follow trend lines such as Agni level, 4DMA, E10 etc.
Dear Kesav,
Don't know whether you have down loaded "KIndicator" XLfile. Otherwise download it and put arbitrary values for next day close so that trend(C5B) becomes zero. That value is Agni level.
Nifty moving down to "5328" again can be considered as a warning.
Dear Nandi:
Good analysis especially the warning of 5328 figure. Thanks
Regards
Vinod
@jonak,
oversold is a typing error, correct one is overbought.
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