Monday, August 31, 2009
Nifty holds the opening level
As Chinese and Asian markets were down in the opening, Nifty today (31-8-09) opened gap down at 4662 with a loss of 70 points. After moving in the range 4701 - 4635 Nifty closed the day at the same level of opening ie. at 4662 which is 70 points lower than yesterday's closing. Since Nifty was able to hold the opening level at the closing also Nifty may rebound and recover the loss tomorrow, provided global cues in the morning does not indicate otherwise.
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2 comments:
Respected sir,
Today urs Agni levels firing...
Nifty won't move above that.
Yours level always help me todo trading cautiouly.In This expiry
also your exceptional friday strategy worked very well...
Then..i have one doubt..on Full moon day...nifty will down or up...Pls clear my doubt.
Thank you sir.
Dear Raji,
On full moon days in majority cases Nifty had large falls. That is why Nandi expected descending around 4th September. But it seems Nifty has already started its descending.
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