Saturday, May 11, 2013

Nifty closes at 6107


Today (Saturday,11-5-13) in the special trading session Nifty closed at 6107, its highest so far during the year 2013. On 29th January 2013 Nifty touched the high of 6112 and closed at 6050. But today Nifty touched the high of 6115 and closed at 6107. Nifty futures range was 6099-6130. Swings Nifty had during this period mapped on the music scale chart is given above. The last time Nifty positioned above this level was on 4th January,2011 on which day Nifty high was 6181 and closing 6146. If Nifty moves above the range 6154 (high of P) - 6181 (high of Janury 2011) it is headed for a new high. Agni level for Monday is at 6137.

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