Thursday, November 26, 2009

Nifty declines to 5000 levels


Nifty today(26-11-09)closed at 5006 with a loss of 102 points. Nifty did made no attempt to move towards Agni level at 5130 and hence no scope for longs. Tomorrow's Agni level is at 5095. Though tomorrow is an Exceptional Friday, decisive up move not expected, but a bounce after touching 4935 cannot be ruled out. However, fall is likely to continue and buying when Nifty moves above Agni level only.

No comments: