On Friday, Nifty opened at 4842 with a loss of 106 points after the heavy selling (3 to 4 percent)in US, European and Asian markets. Till 12.40 Nifty moved upwards up to 4934 (loss reduced to 14 points), declined to 4880, again moved up to 4943(recovery of 101 points)and closed at 4931 with a loss of 17 points. The Nifty futures range was 4851 - 4944. The Soma level for the day also was at 4851. Tomorrow's Agni level is at 4869, which is below the Friday closing and hence Nifty may move up. This up move may be limited to top of Anthara Gandharam (ie. 5123)
6 comments:
Nandi sir,
This up move may be limited to top of Anthara Gandharam (ie. 5123) . This is a sentence in your today's post. From this you mean nifty meay move to 5123 ( nearly 200 points upside from friday closing ) during next week ??. Pls clarify sir
Sir pls clarify, your view is stay long with tgt of 5123 or go short on rise with sl of 5123 above
Dear Nandi,
Thanks for your analysis.The reliance effect is also there so we are hopeful about 5123 in coming days.
Nandi Sir,
No up dation for the last two days.Please up date with your comments and the up dated comparision table of 2008 and 2010 if possible for the year
Thanks for your valuable inputs
Bala
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In this upward move Nifty may not go beyond 5123. It is observed that after entering a swaram band width Nifty always moves to centre of that swaram. But, beyond that not certain. As Nifty has closed above 5000, tomorrow it may move near 5120. Hold longs when ever Nifty is above Agni level and short when ever Nifty is below Agni level. The minimum and maximum expected for the day are given as Soma and Surya levels. Most of the cases Nifty may move to one direction only based on Agni level.
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