Today(18-5-10)Nifty was highly volatile. It opened at 5072 with a gain of 12 points, moved down 48 points (5024), moved to plus 45 points(5105)- an up move of 81 points- and declined to close at 5066 with a gain of 6 points. Nifty futures range was 5018 - 5108. As tomorrow's Agni level is at 5061, which is below the Nifty close today, Nifty may move up. But Nifty is unlikely to move to Sudha Madhyamam range(ie. above 5123).
As there is Moon's conjunctions with Mars and Saturn on 20th and 23rd respectively which may adversely affect the market, avoid going long now. Further, it is to be ascertained that Nifty is not repeating May 2008 fall. On Tuesday, the 21st May 2008 also Nifty closed in green with 12.70 points gain.
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