As anticipated in yesterday's post, Nifty today (5-1-10) moved to centre of Sudha Madhyamam (5286) and closed at 5278 with a gain of 46 points. Nifty spot high up to 14.50 was 5286 itself, and after that it added just 2 points before close. Today's swaram was "Da" only and it may be the end of upward movement. Similarly on 22nd December,2009 the swaram was just "Pa" only and that was the end of recent downward movement. Nifty futures range was also very narrow with a difference of 32 points (5295 - 5263) similar to 33 points on 22nd December,2009. When Nifty starts moving downwards within next three days, expect a minimum of 100 points on the first day. Tomorrow's Agni level is at 5272.
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