Monday, November 1, 2010

Nifty closes above Agni level


Today(1-11-10) Nifty opened at 6097 with a gain of 79 points, moved in the range 6085 - 6132 and closed at 6118 with a gain of 100 points. Nifty futures range was 6091 - 6172, having a premium around 35 points. RBI monetary policy review is due for tomorrow and hence the closing is important. If closes in D1(above 6154), a retest of 6280 - 6300 area can be anticipated. Tomorrow's Agni level is at 6011.

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