After opening with a gain of 34 points Nifty steadily moved up and closed at 5122 (R20A0 or 20x - top of Anthara Gandharam) with a gain of 89 points. As Nifty is not showing any tendency to reverse its trend so far, it may move to centre of Sudha Madhyamam at 5286. Tomorrow's Agni level is at 4995 and Nifty closing is 125 points above it and hence market is likely to move up further.
2 comments:
Dear Nandi sir
Yes Nifty is looking strong and we may see new high. I will either short below 5180 or on weakness . Going long at this level is quite risky , regards.
Thanks Amolji, for visiting and offering your valuable comments. On the expectation of a downward move, bought a Dec 4500 put (value eroded now) and standing in sideways. On 30th November when Nifty moved above 5005(Agni level for the day)it was a buy, but didn't participate this time.
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