On Friday (4-12-09)Nifty closed just below 20x at 5109 with a loss of 23 points.
Last 4 days'Nifty Open, high, low, close were as given below
1-Dec-09 5039.70 5130.35 5038.85 5122.00
2-Dec-09 5122.75 5161.75 5111.75 5123.25
3-Dec-09 5124.55 5181.00 5106.60 5131.70
4-Dec-09 5131.70 5161.80 5081.85 5108.90
ie. Nifty close were 20x ( that is 20 x 256 = 5120) plus or minus 12 or the swaram Sa/Ri. For a clear direction to emerge, Nifty has to break this range on closing basis. As it stands now, the bias is downwards since Nifty closure was below Agni level for tomorrow at 5192 and lows were decreasing during the last three days. However, for confirmation a close below Anthara Gandharam centre (4960) is required. A move above Agni level at 5192 can take Nifty to Centre of Sudha Madhyamam (5286).
1 comment:
Could you please write few words about the story. Its very difficult to undestand what you try to say using the picture.
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