As expected, today(11-9-09)Nifty moved to the centre of Anthara Gandharam at 4960, by crossing Agni level for the day at 4953 and closed at 5004 with a gain of 122 points, after touching a high of 5017. As Nifty steadily ascended from 4870, it smoothly passed through six swaras (Sa,Ri,Ga,Ma,Pa,Da) out of the eight swaras in an octave. So, Nifty is likely to move to Ni(5048-5096), Sa(5096-5128) and touch the top of the Anthara Gandharam bandwidth. Tomorrow's Agni level is at 5035 and avoid buying when NIfty is below the Agni level.
2 comments:
Sir.
We are already in "overbought in overoverbought zone'
Do you think still it may go to "Sa" level, 2morow is friday and Monday is "New moon day"
Regards
Dear Sujatha,
Yes, 5120 level may be possible once again, not tomorrow. It may be probably on Monday or Tuesday. Today's close at 4960 was anticipated yesterday, but that happened today. Since Nifty gone above 4960 it is just logical that it may touch Ni,Sa level. Let us wait and see what really happens. But, please ensure that no buying is made while Nifty is below the Agni level
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