On Friday(11-5-12)on global cues Nifty opened at 4937 with a loss of 29 points and closed at 4929 with a loss of 37 points contrary to the expectation of an up move. Since Nifty closed below centre of G2(4960) Nifty may move down to low of G2(4859). Nifty and Nifty futures ranges were 4906(Agni level)- 4976 and 4900 - 4976 respectively. Nifty future figures are of MiniNifty(20) since Nifty futures(50) shown an opening & high @ 5056. Incidentally, Nifty reached the freak figure @ 4912 shown in Singapore Nifty on 29th March 2012(refer that day's post). So, a bounce back to 5056 is possible in near term. Agni level for Monday is at 4857. (unable to update Nifty levels on left top)
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