Wednesday, August 26, 2009
Nifty closes just below Agni level.
Today (26-8-09) after swinging in a tight range from 4659 - 4698 range Nifty closed at 4681 with a gain of 22 points. Today's Agni level was at 4682 and the closing is just one point below it. Nifty's plus through out the day roughly at half an hour interval was 24, 35, 14, 34, 1, 0, 36, 39, 21, 33, 16, 20 and 22 - did not move to negative territory. Nifty futures range was 4653 - 4703, just 50 points difference, which is the lowest after 20th March, 2009. On 20th March, 2009 the range was 2765 - 2813 with a difference of 48 points. Considering the Nifty value on that day and today it can be said that percentage wise today's range was the lowest. This may be due to the fact that F&O settlement is due for tomorrow. Tomorrow's Agni level is at 4767 and it is felt that Nifty may not be able to touch that level tomorrow.
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3 comments:
------------SIVOHAM---------------
I have seen your predictions recently GREAT and if you give details about "AGNI" and "SOMA" like RESISTANCE or support, BUY or SELL range with AGNI and SOMA.It will be more useful and healthy understanding about your MARKET predictions please.
Dear Boopa,
It has been given earlier. You have to watch Agni level and if Nifty is above Agni it is "BUY" and if Nifty is below Agni "NO BUY" (for day traders "short"). Soma and Surya levels are indicative high(some call resistence) and low(some call support) respectively. the names SomaSuryaAgni is derived from "SomaSuryaAgni lochana" meaning Shiva. Now clear?
dear sir
i m regular reader and i m inetersted in ur agni theory i read the full post of yours on vfmdirect but i m not understanding the calculation.
kindly can u post the procedure of calculation. i read ur whole blog but unable to read that.can u post that on blog please
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