Monday, September 14, 2009
Nifty closes below Agni level - 3rd day
Today (14-9-09) Nifty moved in a very narrow range from 4786 to 4821 and closed the day at 4809 with a loss of 21 points. Nifty futures range was also lowest (4838 - 4790),just 48 points. Nifty surged from 4806 to 4821 in the last half an hour and Nifty futures premium surged from 1 point to 15 points which indicates short covering. Tomorrow's Agni level is at 4859 only and it seems Nifty may break that level and move to Anthara Gandharam level (Low: 4859, Centre: 4960, High: 5123). Therefore cover shorts and go long once Nifty moves above Agni level.
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2 comments:
respected nandi,
Thnks for the agni level breakout to 4859 level u mentnd yesterday, as yesterday closing was @ day's high and i knew 2 day wud b gap up and hence covered shorts yesterday itself and went long @ 3:10 yesterday with a s/l @ 4790 the middle of this level has been mentnd as 4960..thru astro analysis... technically in the charts the 4946-4948 iz a crucial resistance az the trend lines are diverging from there....
regarding ur last posts and mr. roy comments i guess the mess waz created by lack of clarity in communication and people aggravated it so i idid'nt participate.
humble suggestion- Nandi plz mentn in the sidebar or @ a visible location the crucial significance of "agni level" and wht it means if markets are above/below it .. so that new readers of your posts can understnd it without getting confused and trbling u everytime 2 describe it and therby makin allegations of not being specific.
Regards as always
RIAN
Dear Ritesh,
Good buy, congratulations. Hope, you can exit it with good gains. Regarding clarity,now itself near Agni level "Exit level" is given in bracket. "Exit when Nifty goes down Agni level" has been repeated very frequently. For regular visitors that may be enough. Let new visitors take patience to go through the postings, at least recent ones.
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