Wednesday, July 25, 2012

Nifty moves and closes in red as expected

Today(25-7-12) Nifty opened at 5122 with a loss of 6 points, moved down to 5077(-51 points), moved up to 5119 and closed at 5110 with a loss of 10 points. As anticipated in Grahanila post dated 1st July Nifty was in red through out the day and closed down in G2(below 5123). And the daily average was 5099. Nifty futures range was 5078 - 5126, having a difference of 48 points. Tomorrow being F&O settlement day Nifty may be highly volatile and Agni level is at 5082.

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