Today(29-5-09) Nifty didn't get tired till it climbed 151 points. Opening with a gain of 53 points in the first minute, Nifty steadily gained(without declining more than 12 points - a feature not seen for the last five months)and at 14.35 reached 4488(151 points plus). After that Nifty declined up to 4436 and finally closed the day at 4449 with a gain of 112 points. As Nifty had gained substantially during this month Nandi didn't expect Exceptional Friday effect much today. {New visitors may note that "Exceptional Friday" is the Friday that comes after F&O settlement and Friday that comes after three or four days continuous decline}. But,it did effect with strength.
Today Nifty closed near centre point of Chatusruti Rishabham (Low:4348, Centre:4464, High:4611). It seems that the Nifty's upward move move may terminate in the Chatusruti Rishabham band for the time being and slide a little to regain strength. Monday's Agni level is at 4365, almost 100 points down from today's closing. Watch Agni level always for exit.
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