Sunday, May 27, 2012

Nifty may move in G1 & G2 range

On Friday(25-5-12)Nifty closed flat at 4920, after moving through 4889 - 4936 range. Nifty futures range was 4877 - 4933. Being F&O settlement week Nifty may be highly volatile. The news that diesel prices will be hiked from 1st June 2012 may add fuel to the volatility. In near term Nifty may move 4612(low of G1)- 4759(centre of G1)- 4859(boarder of G1&G2)- 4960(centre of G2)- 5123(top of G2) range. As Moon conjuncts with Mars on Tuesday, exit longs on Monday itself. Agni level for Monday is at 4890.

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