On Friday(16-4-10)after swinging between 5238 - 5283 Nifty closed at 5263 with a loss of 11 points, below the centre of Sudha Madhyamam (5286). As Nifty closing is below the Agni level it may move down further to low of Sudha Madhyamam (5123). Tomorrow's Agni level is at 5262.
During the last week, though DOW broke the 11,000 mark and advanced to 11,155, Nifty's upward movement was limited to 5382 (did not move again to 5400 plus levels as expected). As Friday late European markets and DOW declined heavily that's effect may be seen here also on Monday.
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