Today(9-8-10)Nifty opened at 5447 with a gain of 8 points, gained steadily to 5492 and closed at 5486 with a gain of 47 points. As average of low and high is 5463, Nifty is still in M1. If Nifty moves to M2 tomorrow then 5642 becomes a possibility. In that case next down move may not be much larger. Nifty futures range was 5437 - 5489. Tomorrow's Agni level is at 5487.
5 comments:
sir,
pls mention which is M2 level. plssssssss reply i am trapped in short
Dear Mr.Tenson,
Please refer Nifty Music scale on the left side. M2 is Prati Madhyamam (low: 5464; centre: 5642 and high: 5797). Don't think you are trapped. No need to worry as far as Nifty is below the Agni level. You may be able to exit with profit in coming days.
Nandi Suriya level is what I am interested for the next day. I have not seen nifty crossing it almost 99%
of times.
Dear Sandy,
As explained earlier, Surya level is the weighted average of OI calls and Soma level is the weighted average of Puts. For easy calculation only top 5 outstandings are being taken. The figures are available in NSE website under "Option chain". Calculation method : multiply open interest with strike price and sum all the products and divide it by total open interest.
Hope this will serve your purpose.
sir,
Thanks for reply
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