Thursday, June 18, 2009

Exceptional Friday - Nifty above Agni level

Today's (18-6-09) Nifty close is at 4251 against tomorrow's Agni level at 4246, which means Nifty has emerged out of "Agni level" after 5 days. Further, during the ensuing week Nifty was in red for three days and the gain on Tuesday was very small resulting a net loss of 330 points. So, 2nd rule of Exceptional Friday fits to it. Hence, expect a strong up move tomorrow. This up move will be limited for one or two days only and take this as an opportunity to sell. The fall will continue there after.

Today's fall was almost similar to yesterday's, including the starting time of major fall ie. just before 12.30 p.m. Hence, leaving all that details and waiting for tomorrow.

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