Tuesday, March 26, 2013

Nifty closes at centre of M2(5642)


On 28th February, 2013 it was written "As Nifty has already closed at 5888(6th figure in the chart dated 1-1-13)on 15-2-13, 5797(8th figure)on 27-2-13 it has to close at 5642(10th figure)." Today(26-3-13) Nifty closed at centre of M2(5642), as required. Today's Nifty and Nifty futures ranges were 5612 - 5655 and 5620 - 5659 respectively. As tomorrow is a holiday on account of Holi and 29th on account of Good Friday, there will be only one trading day left during this financial year ie. on 28th. Due to the reason that coming Thursday is the last day of the financial year 2012-13 and F&O settlement day it will be a highly volatile trading day.

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