Be patient. For the last three days market was asking us just that. Nifty is hovering around 2800. Whether it will cross Prati Madhyamam (2821)and move to Panchamam (2976) or slide down to Anthara Gandharam (2480) is not yet clear. At present what is known is Agni level for Monday is 2850 and as far as Nifty is below Agni level the chances are more for a down fall. Then there is a possibility of a up move in Nifty at the end of the financial year (27-31 March)as Mutual Funds artificially lift the prices of their stock holdings so that a better performance record can be presented before their customers - present and future. Nothing more to add now.
Last Friday (20-3-09) Nifty Futures performed exactly what is expected of. The high and low was 2813 and 2765 giving a difference of 48 which is exactly divisible by 8. And it was divisible by 16 also and the difference was 3 Annas. Nandi feels that it is like a journey and the journey itself is more important than the destination. Enjoy the journey.
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