Nifty may emerge out of Agni level

Agni level for today(13-1-09) is 2796, just 23 points (1 Anna) above yesterday closing of 2773.%k of stochastic has also came down to 28. So, today or tomorrow Nifty may emerge out of Agni level giving signal for purchase. Be ready for purchase when Nifty moves above Agni level. Nandi prefers NIFTYBEES,(an Exchange Traded Fund,managed by Benchmark Mutual Fund and traded like any other stock in NSE) as it is directly linked to Nifty index and it has no connection with profit, debt, balance sheet, corporate governance etc. Therefore, it cannot become a (A)SATYAM. Buy as much NIFTYBEES as possible when Nifty emerges out of Agni level and sell it when Nifty touches Agni level next, provided you are in profit. It can be held as much period you want; since Niftybees is not having any expiry date. Approximate value of one NIFTYBEES will be one tenth (1/10) of Nifty index at any point of time. Since it is an ETF, price need not be multiples of 5 paise. For example yesterdays closing price is Rs.277.26. So bid price can be Rs.278.01