Nifty Index Futures followed the character posted by Nandi(difference divisible by 8), till 3-25 p.m. today and at last closed the position with 3 points difference. The time wise position of Nifty Index Futures (rounded off to nearest Rupee) was as given below:
9.55 : 2719 - 2707
10.04 : 2731 - 2707 (Difference 24 points divisible by 8)
11.39 : 2731 - 2699 (Difference 32 points divisible by 8)
12.00 : 2731 - 2697
13.55 : 2765 - 2697
14.37 : 2777 - 2697 (Difference 80 points divisible by 8)
15.25 : 2780 - 2697
This is just for showing the method to be followed. The traders interested in this
may continue to observe and post comments after a period of time, say 2 weeks. Nandi won't be posting the daily position as done today.
As Nifty is yet to touch the Agni level, Nifty may move to Prati Madhyamam (2821) level before moving downwards.
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