Sunday, May 19, 2013

Nifty may move to centre of D (6355)


On Friday(17-5-13) Nifty closed at 6187 with a gain of 17 points after moving in the range 6146 - 6200. Nfity futures range was 6153 - 6209. From the chart above it can be seen that Nifty moved to D (Bottom: 6154, Centre: 6355, Top: 6526) on 16th May and remained there on 17th also. Therefore Nifty may move to centre of D (6355)in next week. Interestingly, Nifty all time high is at 6357 on 8th January 2008. Agni level for Monday is at 6191.

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