On Friday(19-11-10)Nifty closed at 5890 with a loss of 109 points ie. at 23x. At 13.55 Nifty was at 5987 with just 12 points loss. The down move to 5864 ( - 135 points)came thereafter, may be due to China's hike in reserve requirement ratio(btw Soma level was 5868). In this down move Nifty futures moved to discount after two and half months of hefty premiums, signaling a negative bias. Nifty futures range was 5860 - 6013 against spot range of 5864 - 6013. Tomorrow's Agni level is at 5871.
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