Thursday, September 17, 2009

Nifty in Anthara Gandharam - 2nd day

Today (17-9-09) Nifty opened gap up at 4993 with a gain of 35 points, moved up to 4998 (10.05) crossing the target of 4992, declined to 4975(10.25), moved up again to 5003(11.00) to touch Soma level at 5006, gradually declined to negative territory as expected up to 4944(13.10). Later, it moved up again to 4986(15.05) and declined to 4949 at closing time. On averaging Nifty closed flat at 4966, again at the centre of Anthara Gandharam. But, today's closing is below the Agni level for tomorrow at 4977. So, as usual exit longs and go short if Nifty does not move above Agni level.
Today, Nifty futures range was 5011 - 4955, a difference of 56 points which is exactly divisible by 8.

3 comments:

Ilango said...

Hi..Balanandan,

One of the great methods that help understanding and foreseeing the market moves. I am amazed by it everyday.

Well, I guess Gods have a very soft corner for music and they reveal Their secrets to you...

Best regards.

ilango

Nandi said...

Dear Thiru Ilango,
Thanks for visiting and offering your comments here. It shows your simplicity. On going through your blog comments yesterday which was more than 40, shows your earnestness and patience towards each and every trader and willingness to help and guide. Your appreciation and support is definitely a big hand for vipanisangeetham. Thanking you once again.

abhishek said...

Good morning NANDI SIR,

Sir,

Yesterday i used your AGNI LVL for SHORT trade as around 11.00 am seen AGNI LVL 4977.00 tried 2 tmes to cross 4970.00 and failed so - took short trade and kept SL of AGNI lvl 4977.00.

Sir,this time i short big NIFTY FUTURE,(last time trdae by minifty)and earn 23 points ie 4974.60 to 4951.35

Sir your method of AGNI lvl realy rocks !!

Thanks a lot.

ABHISHEK.