Thursday, April 29, 2010

Nifty closes at 5254 with a gain of 29 points


Nifty today(29-4-10)opened at 5244 with a gain of 29 points, moved in the range 5223 - 5265 and closed at 5254 with a gain of 39 points. As tomorrow's Agni level is at 5267 only (just 13 points up)and an Exceptional Friday Nifty may move upwards crossing that level giving again a buy signal. For the last one month Nifty is in the Sudha Madhyamam range (Low: 5123 Centre: 5286 High: 5464). See chart below.

4 comments:

NivasM said...

Sir
How r u Nandi sir Hope to find u hale and hearty......Some one by name blaze blamed u and challenged Nifty will close below 5000 This series really today closing prooved no one can ever bet with my master (nandi) Greece portugal spain china everyone corrected but we r smart 5160 we saw and and now closed at 5255 Happy to see ur levels worked good again i am comfort with u and Thanks on this matter

God may give u a long long life

Nandi said...

Dear Nivas,
Don't consider Nandi as master. Market is the Master. All traders are learners only. Every time Master asks the questions and learners give different answers. Later Master tells what is the correct answer. Here in vipanisangeetham Nandi gives what he feels right. It may not be right always. In this situation there is no place for a challenge.

vineet said...

Sir, why is today an exceptional friday?

Nandi said...

Dear Vineet,
It seems you are a new visitor and you haven't seen the explanations given earlier. Usually, on Friday's market will be declining. But, on Fridays that come after F&O settlement(ie.today)and on Fridays that come after 4 consecutive negative closings are Exceptional Fridays and market will close in green.