Wednesday, September 9, 2009
Nifty closes below tomorrow's Agni level
Today's (9-9-09) Nifty range was + or - 20 points from yesterday closing ie. 4791 - 4825, which was less than yesterday. It did not move below the Agni level for the day at 4788 and closed at 4814 with a gain of just 9 points. As tomorrow's Agni level is at 4884 the Nifty closing is below the Agni level. So, expect a down move in Nifty.
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4 comments:
Good Eveining Sir,
NANDI SIR first upon thanks for posting AGNI LVL.
Today below AGNI lvl i short @4881
& covered near 4836 in minifty got 45 ponts.
Sir as you mentioned previous post at EOD you calculate AGNI lvl for next day.Sir may i request you will you teach us how to calculate AGNI lvl ? so at market closing hours ie 3.15 we can calculate AGNI lvl for next day & if AGNI lvl above NIFTY we can cary our SHORTS for next day.
Thanks ones again
wating for your kind revart.
- ABHISHEK.
Dear Abhishek,
Congratulations for your gain.
Calculation of Agni level is based on a work sheet by Kamolikav, an old boarder in vfmdirect forum. As she has cautioned the circulation of the work sheet, regret the inability to furnish it.
Last point: Yesterday's closing level was just 4819 and if you had known that it is below today's Agni level, you should have gone short yesterday itself and missed the chance to short today. Further, no body can foretell the effect of DOW,Asian Market and Singapore Nifty on next day opening. So, it would be better if you don't keep open positions for next day.
NANDI SIR,
Sir yeh sab aapki aur LORD SHIVA ki krupa hai.
As you pointed *LAST POINT* in your post its perfect one.
Good morning sir...
Today also your Agni level 4884 helped to exit from long....and enter into short at that time and got profit...
Thanks a lot.
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