Wednesday, June 20, 2012

Last week gone for Dogs and Cats

In games played on childhood days, if the position looks similar to opening position even after playing for a long time the game is cancelled saying "Nayakkum Poochaykum Poyi" meaning "Gone for Dogs and Cats". Similar is the position of Nifty today(20-6-12). On last Wednesday Nifty closed at 5121 same as of today, even after Greece election, IIP numbers, Inflation data, RBI credit policy review etc. etc. Please compare the chart of last Wednesday(13th June)- Opening, High, Low & Close were 5117.55, 5144.90, 5095.45, 5121.45 on that day. Today it were 5114.55, 5141.70, 5100.70, 5120.55. Nifty futures Low & High were 5091 - 5145 on last Wednesday and 5096 - 5144 today. So, waiting for a fresh move from tomorrow. Tomorrow's Agni level is at 5119. For reference purpose yesterday's(19-6-12) table is given below:

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