Friday, February 20, 2009
Agni level band is having one Anna width
Yesterday and Today Nifty just touched Agni level and rebounded. On 19-2-2009 (Thursday) Agni level was at 2769 and Nifty low was 2768 and on 20-2-09 (Friday) Agni level was at 2710 and Nifty low was 2709. Nandi was told that a few new visitors had exited all longs when Nifty touched Agni level (in word spirit) and regretted later. Nandi don't know why Nifty bounced back exactly from the Agni level itself. In this connection all visitors are advised to see the postings dated 16th January, 2009 wherein Nandi had stated that the Agni level is having a width of One Anna (16 Nifty points)ie. Eight points in both side of the Agni level being given and traders should wait for at least 8 points before taking action (Buy/Sell) to avoid such instances in future.
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