Yesterday(27-4-09)evening the news on the outbreak of swine flu in Mexico and finding victims in USA,Canada and Europe were flashed on TV screens. As fear swept in US markets ended lower and to day the Asian and European markets. Nifty today (28-4-09) opened weak and continued its downward journey till the closing without any major attempt to pull back, and finally closed at 3362 with a loss of 108 points.
After remaining in Kaisiki Nishadam (3484)for one day on 15th April, Nifty closed in Chatusruti Daivatham (3370)next day . This time Nifty remained two days in Kaisiki Nishadam (3481 & 3470) and today returned to Chatusruti Daivatham (3362). Tomorrow being the settlement day for derivatives high volatility can be expected. Agni level for tomorrow is at 3478.Please note that 30th April, 2009 and 1st May, 2009 will be holidays for the market on account of General Elections and Maharastra Day in Mumbai.
2 comments:
Dear nath ji,
Till today i never the agni level to be less than the soma level of your projectons. FOr 29/04/09 the agni level is 3475 but soma level is 3468. Any specific reason for this sceanrio sir
Dear Sangeetha,
Calculations for Soma, Surya and Agni levels are separate. Soma level will be always higher than the Surya level. But Agni level can be any where. Generally it will be in between Soma and Surya levels. But after a sharp fall or good gain it may by pass these levels. Today Nifty low was near the Surya levels (just 10 points above)
Post a Comment