Wednesday, April 11, 2012

Agni level indicates to go long


Today(11-4-12)Nifty closed at 5227 with a loss of 17 points. Nifty and Nifty futures ranges were 5191 - 5264 and 5203 - 5292 respectively ie. Nifty futures remained above 5200. Tomorrow's Agni level is at 5212, which is below the Nifty closing to day and indicates to go long.
Yesterday's(10-4-12) table given below for reference purpose

4 comments:

ajay said...

Sir agni levels are used to go long or short on intraday basis or EOD (closing basis) ?? we use exact agni level or use some filter of 2-5 points ?? thks

Nandi said...

Dear Manoj,
Go long when ever Nifty moves above Agni level and go short whenever it moves below Agni level. You can wait up to 8 points after Nifty crosses Agni level to initiate action. No need to wait up to EOD.

vardaraj said...

Dear sir,agni levels given is for spot or future levels.What is the stoploss and target for this.

Nandi said...

@Varadaraj
Agni levels for Nifty.(Nifty futures will vary according to premium or discount available at that time and hence cannot be compared). Stop loss is twenty points and target unknown at the time of entering the trade. When ever Nifty moves above/below Agni level exit position.