Today(17-8-10)was an inside day ie. Nifty's movement was in between yesterday's low(5397) and high(5465). Nifty opened at 5438 with a gain of 20 points, moved in the narrow range 5409 - 5444 and closed at 5414 with a loss of 4 points. Nifty futures range was 5410 - 5444. Though in the morning Nifty futures was in discount, at the time of closing a whopping 12 point premium was seen. Considering the above and the fact that Nifty didn't go below the Agni level today, an upward move again towards 5480 - 5500 levels is the possibility. Tomorrow's Agni level is at 5411.
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