Monday, July 27, 2009

Nifty closes below Agni level for tomorrow

After a range bound movement between 4597 to 4528, Nifty closed today(27-7-09)at 4572 with a gain of just three points. Nifty future high was 4610, the upper boundary of Chatusruti Rishabham band width. Tomorrow's Agni level is at 4584 which is above the Nifty closing today. The strength exhibited on Friday is not seen today. Even though in the early morning Singapore Nifty reached a high of 4625, Nifty opened near yesterday closing and slipped to 4547. As RBI is to announce its quarterly credit policy tomorrow, market will be volatile and caution is to be exercised.

2 comments:

Raji said...

Thanks formur level sir
"Singapore Nifty reached a high of 6525," ...
i think it was 4625....pls check and change it.
Sorry for telling this.
I always watching ur levles and trade by using ur levels.
By Raji.

Nandi said...

Dear Raji,
Don't be sorry for telling a truth. It was a typing error and as Nandi was not able to go through it again after posting it, due to some other engagements the error didn't came to Nandi's notice.Thanks for pointing out the error.