Agni level below Nifty closing

On 23rd Jan, 2009 other than the usual Friday features, the day was studded with results of various companies most of them was below the expectation. Along with the results, global cues were also in favor of a down move and NIfty closed at 2679 with a loss of 35 points. However, the Agni level for 27th (Tuesday)is 2655, below the NIfty closing. Hence it is a buy time, provided Nifty does not go below 2655. No-moon day along with a Solar eclipse on Monday, the 26th Jan, 2009 supports the reversal of the current trend. Hence from Tuesday onwards Nifty is likely to move up slightly and the momentum will be gained after the F&O settlement day on 29th January, 2009.