Nifty closes flat - Agni level rises to 4382

Today(29-6-09) Nifty closed at 4391 just 15 points above yesterday closing. Nifty opened at 4386, moved down to 4358, then moved up to 4440 and from 14.45 slumped to 4376 discarding entire gains made today and was near that level at 15.30 (closing was improved due to averaging). Hence, Nifty is likely to move down further tomorrow. Agni level for tomorrow is at 4382 and when Nifty moves below that level, exit all longs and shift to short.