Monday, May 10, 2010

Nifty back to Sudha Madhyamam


Anticipated a little up move today(10-5-10) or tomorrow, but got a big rally today itself. The conjunction of Jupiter in its own house(kshetra) Meenam(Pisces) with Moon on 9th May was an important event. Nifty surged 185 points on the strength of new developments in Europe. Today(10-5-10) Nifty opened at 5104 with a gain of 86 points, steadily moved up to 5203[above Surya level at 5180]and closed at 5194, with a gain of 176 points, in Sudha Madhyamam range. As tomorrow's Agni level is at 5049, Nifty may move up further. Today's Nifty futures range was 5208 - 5080, a difference of 128 points.

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