Thursday, October 29, 2009

Tomorrow is an Exceptional Friday on both counts


Today (28-10-09)Nifty closed at 4751 with a loss of 75 points. After opening with a loss of 88 points, till the opening of European markets at 13.30 Nifty stayed below 4786. Then it jumped from 4765 to 4818 to fall again at 4740 and close at 4751. Tomorrow being an Exceptional Friday on both counts ( Next day after settlement of F&O series & Friday coming after last three/four days negative closing) Nifty should have a positive closing. Fulfillment of both the conditions in one Friday is rare and that is happening tomorrow. Tomorrow's Agni level is at 4721 which is lower than today's closing, which is positive. A small bounce back may be there and it should be utilised for exit only.

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