Wednesday, May 9, 2012

Nifty moves to centre of G2(4960)

Today(9-5-12)Nifty opened at centre of G2(4960) as expected and closed at 4975 with a loss of 25 points. Nifty and Nifty futures ranges were 4956(Soma level:4952) - 5016 and 4955 - 5028 respectively. As Nifty has touched centre of G2(4960) it may either continue its downward move to low of G2(4859) or retrace to top of G2(5123) which is to be watched tomorrow. Tomorrow's Agni level is at 4922.

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