Thursday, July 9, 2009

Nifty above Agni level - Signal to buy

Today(9-7-09) Nifty stayed in the range 4040 and 4115 moving up and down, crossing the last day closing point a large number (more than 8)of times and at the end closed flat at 4081. Hence, Nifty's close today is above the Agni level for tomorrow at 3971. Therefore, it is a buy and hold tomorrow, provided Nifty does not stoop below 3971. As the quarterly results of Infosys Technologies is due for tomorrow morning, place tight stop loss for longs.

No comments: