Despite huge gains around 2% in world markets Nifty remained subdued. Today(3-8-10) Nifty opened at 5459 with a gain of 27 points, remained in the narrow range of 5429 - 5447 and closed flat at 5440 with a gain of just 8 points. Nifty futures range was 5411 - 5448.
Last two days Nifty was above the Agni level regardless of adverse astro factors. That indicated a limited upmove or one day up one day down move reminding the reversal of upmove started from 9th June,2010 ( refer GANN chart). If that is the case, reversal may start on 5th and terminate on 13th. But cannot jump into conclusions with out clear evidence. So, trade according to what Agni level indicates. Wait till Nifty moves below Agni level to go short and go long whenever Nifty moves above Agni level.
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