WISH U A HAPPY & PROSPEROUS NEW YEAR

Nifty closes in red on the last trading day of 2011

Hopes of an up move failed and Nifty closed in red on the last trading day of the year 2011. On Friday(30-12-11)Nifty opened at 4660 with a gain of 14 points, moved in the narrow range 4664 - 4690 up to 13:30, moved down there after to 4609 and closed at 4624 with a loss of 22 points. Nifty futures range was 4614 - 4709, having a difference of 95 points. Nifty closed in red on the last trading day of the year 2008 also.

Last F& O settlement day of the year 2011

Today(29-12-11)Nifty opened at 4675 with a loss of 31 points, moved in the range 4666 - 4702 up to 14:30, moved down to 4639 there after and closed at 4646 with a loss of 60 points. Nifty futures range was 4639 - 4703, having a difference of 64 points only though today was F&O settlement day. Being an exceptional Friday and last trading day of the year, an up move is expected. But, usual 50 - 100 points may not be there. Tomorrow's Agni level is at 4721.

Nifty closes @ 4706

Today(28-12-11)Nifty opened at 4756 with a gain of 5 points, moved in the range 4686 - 4725 and closed at 4706 with a loss of 45 points. Nifty futures range was 4683 - 4757, having a difference of 74 points. Tomorrow being F&O December series settlement day, Nifty may be highly volatile. Agni level for tomorrow is at 4777.

Nifty closes below Agni level as expected

Today(27-12-11)Nifty opened at 4785 with a gain of 6 points, moved down to 4765, moved up to 4801, moved down again to 4724 and closed at 4751 (below Agni level 4815 as expected) with a loss of 28 points. Nifty futures range was 4725 - 4808, having a difference of 83 points. As Nifty closed below Agni level, trend is down. But, since mutual funds may try to improve their yearly performance by jacking up stock prices at the closing of the year, Nifty may witness an upward move. So, during next three days Nifty may be highly volatile. Agni level for tomorrow is 4821.

Nifty closes with 65 points gain

Today(26-12-11)Nifty opened at 4730 with a gain of 16 points, moved up steadily to 4778 by 10:20, moved in the range 4760 - 4787 and closed at 4779 with a gain of 65 points. Nifty futures range was 4720 -> 4804, having a difference of 84 points. Agni level for tomorrow is at 4815. Nifty may close below that level tomorrow.

Nifty closes @ 4714

Went to famous Sree Rama Temple at Thiruviluamala (Viluadrinatha temple) near Chelakkara, Thrissur in the week end. And hence no market comments due to shortage of time. Agni level for tomorrow is at 4692.

WISH U ALL A MERRY CHRISTMAS

Nifty closes @ 4733

Today(22-12-11)Nifty opened at 4670 with a loss of 23 points, moved in the range 4633 - 4677 up to 13:30, moved up fast to 4741 and closed at 4734 with a gain of 41 points. Nifty futures range was 4640 - 4758, having a difference of 118 points. Agni level for tomorrow is at 4618.

Nifty closes in G1

Today(21-12-11) on global cues Nifty opened at 4641 with a gain of 97 points, moved in the range 4602 - 4645 up to 14.30, moved up 97 points in the last one hour to touch 4707 and closed at 4693, in G1 with a gain of 149 points. This was just opposite to what was happened in last one hour yesterday. So, let us see what is in store for tomorrow. Nifty futures range was 4614 - 4725, having a difference of 111 points. Agni level for tomorrow is at 4541.

Nifty closes in R2 ie. below 4612

Today(21-12-11)Nifty closed at R17A12 (256 x 17 + 16 x 12 = 4544) in R2 (Bottom : 4348; Centre : 4464; Top: 4612) and full filled the sub 4612 in closing basis (refer earlier posts). From the planetary transit table posted on last Sunday it can be seen that there was Moon-Saturn conjunction today. As new Moon is on 24th and Moon's conjunction with Venus is only on 27th, there is a possibility of an up move in between. Today Nifty & Nifty futures ranges were 4531 - 4637 and 4538 - 4640 respectively and was highly volatile(details are in the table). Tomorrow's Agni level is at 4528. Go long if Nifty remains above it.

Nifty closes at bottom of G1(4612)

As posted on 11th December,2011 Nifty moved to sub 4612 levels during 17th to 24th Dec 2011. Today(19-12-11)Nifty opened at 4623 with a loss of 29 points, moved down to 4560, moved up to 4596, moved down again to 4556, moved up again to 4618 and closed at 4613, bottom of G1(4612) with a loss of 39 points. Nifty futures range was 4561 - 4633, having a difference of 72 points. Tomorrow's Agni level is at 4600.

RBI inaction evolves into Mars conjunction effect

Nandi was in a fix to select an appropriate heading for the post and finally selected
"RBI inaction evolves into Mars conjunction effect". Others were
(a). RBI inaction triggers sell off (b). Nifty close 4651 lowest in 2011 (c). Nifty closes at Soma level (4651) (d). Mars - Moon's conjunction effect (17th) advances one day etc.
The finally selected one is a combination of above two, because Nandi does not believe that RBI pause alone is a sufficient reason for sell off. From the planetary transits table below it can be seen that Sun transits from Scorpio to Sagitarius on 17th (16th-last day in Scorpio) and there is Moon-Mars conjunction on 17th. That's why in earlier posts 17th December was mentioned repeatedly. But the steep down move came on one day in advance ie. Friday the 16th December, 2011. Nifty movements mapped in to daily music scale (which is posted regularly) is given above. Nifty and Nifty futures range were 4628 - 4819 and 4625 - 4840 respectively. Nifty futures high and low difference of 215 points was third highest during the year, the first and second being 221 on 14th January 2011 and 9th August 2011(same 221 on both days).


From the above table it can be seen that Nifty average is 4723 and at the centre of G1. As Nifty close is at the Agni level for tomorrow (4650) no further comments. Avoid longs if Nifty moves below Agni level and shorts when Nifty moves above Agni level.

Nifty closes again at centre of G1(4759)

Today(15-12-11)Nifty opened at 4713 with a loss of 50 points, moved down to 4674 (ie. 15 points near to Agni level @4659, a buying opportunity), moved up to 4769, moved down to 4735 and closed at 4746, centre of G1(4759)with a loss of 17 points. Nifty futures range was 4671 - 4784, having a difference of 113 points. As RBI credit policy review is due & the Indian rupee sank to a record low for the fourth straight day Thursday, hitting 54.30 against the dollar, Indian market will be highly volatile tomorrow. Agni level is at 4655.

Nifty again closes near centre of G1(4759)

Today(14-12-11)also Nifty was highly volatile similar to yesterday and closed at 4763 with a loss of 37 points. Nifty and Nifty futures ranges were 4750 - 4840 and 4751 - 4848 respectively. In some occasions Nifty futures moved to discount also giving a negative bias. Yesterday's comments hold good in coming days also. But, it is well said "Never time the market", even though vipanisangeetham is attempting it with Agni level and planetary movement data, which may not be correct always. Tomorrow's Agni level is at 4659.

Nifty closes at 4800

Today(13-12-11)up to 14:50 Nifty moved in the range (+) or (-) 35 and thereafter zoomed 91 points to reach 4825 and closed at 4800 with a gain of same 35 points. Thus once again moving to sub 4612 levels postponed. We may have to wait for next down move, which may be after 17th or even after Santa Claus Rally which lasts till the end of the calendar year. Nifty & Nifty futures range were 4729 - 4825 & 4731 - 4840 respectively. Tomorrow's Agni level is at 4705 and hence Nifty may move upwards to top of G1(4859) and to centre of G2(4960).

Nifty closes at centre of G1(4759)

As expected, though Nifty opened with 40 points gain on global cues, it soon descended to G1 area (Top: 4859; Centre: 4759; Bot: 4612) and closed at 4765 ie. at centre of G1(4759)with a loss of 102 points. Nifty & Nifty futures ranges were 4910 -> 4756 and 4915 -> 4762. Further down move to bottom of G1(4611)is expected. Agni level for tomorrow is 4822.

Nifty closes at bottom of G2

On Friday(9-12-11) Nifty opened at 4873 with a loss of 71 points, moved down to 4843, moved up to 4902, moved down again to 4842, moved up again to 4918, moved down again to 4857 and closed at 4867 ie. bottom of G2(4859). Nifty futures range was 4850 - 4943, having a difference of 93 points. On Monday Nifty may move up on global cues. But, have to wait next two weeks (particularly from 17th to 24th)to see whether Nifty is moving down to sub 4612 levels. Upmove without going to "NiSaRi" area in major scale may not sustain. Nifty mapped on major scale from Nov Full Moon to Dec Full Moon (also a Lunar Eclipse day)is given in the table below. Agni level is high at 4977

Nifty closes below centre of G2(4960)

Today(8-12-11)Nifty opened at 5028 with a loss of 35 points, moved up to 5049, moved down to 4938, moved up again to 4984, moved down again to 4921 and closed at 4944 with a loss of 119 points. Nifty futures range was 4938 - 5074, having a difference of 136 points. As Nifty closing is below centre of G2, Nifty may move to 4912 - bottom of G2(4859) tomorrow. Tomorrow's Agni level is at 5111.

Nifty closes below Agni level

Today(7-12-11)Nifty opened at 5032 with a loss of 7 points, moved up to 5097, moved down to 5055, moved up again to 5099, moved down again to 5045 and closed at 5063 with a gain of 24 points, below Agni level(5094). Nifty futures range was 5055 - 5135, having a difference of 80 points. As Nifty closed below Agni level it may move down to 5056 - 5000 - centre of G2(4960). Tomorrow's Agni level is at 5163.

After range bound movement Nifty closes @3039

On Monday(5-12-11)Nifty moved in a range and closed at 5039 with a loss of 11 points. In European market circles today it was said "World markets:'Calm before the storm'" and the various events/happenings due up to 16th is crucial. Nifty and Nifty futures ranges were 5003 - 5055 and 5022 - 5086 respectively. In the table it can be seen that Nifty remained in "DA" itself through out the day. European events will give direction to markets in the next two weeks. Agni level is at 5094

Mayan Calendar

Business Line dated 4th December, 2011; Reuters Palenque, Mexico:
"In the Mayan calendar, the long calendar count begins in 3114 BC and is divided in to roughly 394 year periods called Baktuns. Mayans held the number 13 sacred and the 13th Baktun ends next year. The Mayan calendar marks the end of a 5126 year-old cycle around 12-12-12, which should bring the return of Bolon Yokte, a Mayan god associated with war and creation."

Comments: This blog is also started on 13th of June Friday, as number 13 seemed important in many occasions to Nandi. Nandi also know that Sun moves through 13 constellations in a year, though 12 constellations (Rasi) is the widely accepted one. The 13th constellation Ophiuchus lies after "Scorpio". Mayan calendar is based on Moon's (from where word "Month" originated) transit around the Earth and Earth's transit around the Sun. This calendar is having 13 months - 12 months of 28 days and last month 29 or 30 days to adjust 365/366 days. End of 13th Baktun works out to 5122 (394 x 13)years where as the figure given above is 5126 which means Baktun is a little over 394 years. Interestingly, 5120 is 20 times of 256, the basic frequency of carnatic music scale. Further, top of G2 in Nifty music scales is 5123 which is very close to 5126.

On Monday Nifty may move to top of G2 ( the above said 5123) and Agni level is 5014. Friday's(2-12-11) chart is given below. Nifty and Nifty futures range were 4918 - 5062 and 4939 - 5094 respectively. Nifty close was at 5050 with a gain of 113 points. All other details are in the table below.

Grahanila(Planetary positions) as on 1st Dec 2011

The Sun, Mercury & Rahu in Scorpio, Venus in Sagitarius, Moon in Capricornus, Jupiter in Aries, Ketu in Taurus, Mars in Leo and Saturn in Libra. As Rahu and Sun is in the same Rasi, on full moon day ie. 10th December, 2011 there will be a Lunar Eclipse.

Nifty closes near centre of G2 (4960)

Today(1-12-11)on very strong global cues, Nifty opened at 4971 with a gain of 139 points, moved up to 5012 (+180 points), moved around centre of G2(4960) up to 14:00, moved down to 4917 and closed at 4937 with a gain of 105 points. Interestingly on 1st December 2009 and 2010 Nifty closed with gains of 89 points and 98 points respectively and today's closing gains are near to it. Nifty futures range was 5015 -> 4936, having a difference of 79 points. Nifty spot average for the day is at 4964 which is centre of G2(4960). Nifty close today is slightly lower than tomorrow's Agni level at 4942.

Highly volatile day

Today(31-11-11)Nifty opened at 4755 with a loss of 50 points on Asian market cues, moved up to 4789, moved down again to 4755, moved up to 4852, moved down again to 4780, moved up again to 4843 and closed at 4832 with a gain of 27 points. Nifty futures range was 4756 - 4862, having a difference of 106 points. As stated earlier, if Nifty moves above top of G1(4859) Nifty may move to 4912 - centre of G2(4960). Agni level for tomorrow is at 4838.

Nifty remains in G1 ie. below 4859

As Asian market cues were not good, Nifty didn't move to G2 as expected and remained in G1 itself. Today(29-11-11) Nifty opened at 4864 with a gain of 13 points, swiftly moved down to 4803, moved up to 4866, moved again down to 4787 and closed at 4805 with a loss of 46 points. Nifty futures range was 4788 - 4885, having a difference of 97 points. Tomorrow's Agni level is at 4795 and shifting from longs to shorts may be due today or tomorrow. Never hold longs when Nifty is below Agni level.

Nifty moves to top of G1(4859)

Today(28-11-11)Nifty opened at 4766 with a gain of 56 points, moved in the range 4793 - 4824 up to 14:00, moved up to top of G1(4859) and closed at 4851 with a gain of 141 points. Nifty futures range was 4750 - 4875, having a difference of 125 points. Nifty may move to 4912 & centre of G2(4960)shortly. Agni level for tomorrow is at 4721.

Nifty closing level holds 4700

On Friday(25-11-11)Nifty opened at 4710 with a loss of 46 points, moved further down to 4701, moved up to 4767(66 points up move on EFE against the expected 50 - 100 points), moved in the range 4726 - 4762 till 13:50, moved down to 4693 thereafter and closed at 4710 with a loss of 46 points. Nifty futures range was 4689 - 4778, having a difference of 89 points.
Thus, in this week Nifty breached earlier low of 4720 for the year and created a new low of 4639. It is yet to reach the anticipated minimum of 4612 mentioned in the post dated 18th November,2011. However, Nifty closing remained above 4700 level. There was also two positive closings during this week as expected in the post dated 20th Nov 2011. Whether Nifty may move to sub 4612 level or move a little up before that is to be seen during next week. Agni level for Monday is at 4660.

Nifty close maintains 4700 level

Today(24-11-11)being expiry day for F&O November series, market was highly volatile. Nifty opened at 4714 with a gain of 8 points, moved downwards to 4639(4639.10 - Nifty's lowest for the year 2011), moved up to 4708 crossing the Agni level @4652, moved again down to 4670, moved up fast 100 points within 30 minutes to 4771 and closed at 4756, at the centre of G1 with a gain of 50 points. Interestingly, the significant up move is seen on the preceding day of New Moon. Thus today also Nifty closing was above 4700 level. Nifty futures range was 4633 - 4768, having a difference of 135 points (very close to yesterday). Tomorrow being an exceptional Friday (condition No.1 - next day after F&O settlement) Nifty may move up 50 - 100 points (may be intra-day due to lack of cues from USA as their markets are closed for thanks giving festival). Tomorrow's Agni level is at 4638.

Nifty new low for the calendar year 2011 is 4640.95

Today(23-11-11) Nifty opened at 4780 with a loss of 32 points, moved in the range 4733 - 4758 up to 12:00, moved down wards swiftly breaking this years low of 4720 (as expected) to 4641, moved up to 4716 and closed at 4706 with a loss of 106 points. Nifty futures range was 4775 -> 4632, having a difference of 143 points. Tomorrow's Agni level is at 4652.

Caution: Today's Agni level 4704 was 108 points below yesterday's closing of 4812. Some new visitors fallaciously think that Nifty can be bought at any price if it is above Agni level. It was clarified earlier also that ideal Nifty buy/sell is around 20 points from Agni level, to avoid huge loss if trend reverses. As Agni level is having a bandwidth of 16 points, buy/sell should be effected only after Nifty moves plus/minus eight points from Agni level. Further, it was also advised that "Day trading Manthra" is to be applied. Today's Nifty movement teaches it well.

After 8 days Nifty closes in Green & above Agni level

Today(22-11-11)Nifty opened at 4795 with a gain of 17 points, moved up to 4854, moved down to 4787 and closed at 4812 with a gain of 34 points. Thus after 8 days Nifty closed in green and above Agni level. Nifty futures range was 4781 - 4860, having a difference of 79 points. Tomorrow's Agni level is at 4704 and Nifty may swing between positive and negative.

Rupee falls below 52 against dollar - RBI to intervene

Notification dated 3rd November 2009 :
The Reserve Bank of India (RBI) has concluded the purchase of 200 metric tonnes of gold from the International Monetary Fund (IMF), under the IMF’s limited gold sales programme. This was done as part of the Reserve Bank’s foreign exchange reserves management operations.

Today's News:
Rupee falls below 52 against dollar; lowest since March 2009.

As Rupee falls below 52 against dollar RBI intervention is required to save Rupee.
RBI can utilise the gold procured in 2009 to avoid purchase of gold from out side for three months and save foreign currency now. Further, as the gold was procured for a low price at that time the profit generated can be utilised for reducing the deficit.

The second option is to create a gold ETF utilising the above gold and issue it to public redeemable against their purchase of gold jewellery from jewelers. RBI can release gold to jewelers by accepting gold ETF. That also will avoid import of gold for at least three months. The advantage is RBI need not release all the gold now.

Nifty moves to G1

Today(21-11-11)Nifty opened at 4874 with a loss of 31 points, moved down steadily to 4765 and closed at 4778 with a loss of 127 points. Before 10:00 Nifty entered G1(< 4859)and almost reached centre of G1(4759) and may be moving to bottom of G1(4612), once recent low of 4720 breaks. Nifty futures range was 4879 -> 4768, having a difference of 111 points. Tomorrow's Agni level is at 4753.

Nifty up 78 points on Exceptional Friday Effect (EFE)

On Friday(18-11-11)Nifty opened at 4890 with a loss of 45 points, moved down to 4848(bottom of G2 is 4859), moved up to 4879, moved down to 4838, moved up again to 4916 and closed at 4905 with a loss of 30 points. Thus the up move on EFE is 78 points against the expected up move of 50 - 100 points. Nifty futures range was 4845 - 4922, having a difference of 77 points. Including Friday, Nifty was in red for the 7th day(maximum earlier was 9 days during 25th April 2011 to 5th May 2011). So, during this week positive closing for one or two days cannot be ruled out. Tomorrow's Agni level is at 4843.

Grahanila(planetary positions) as on 21st Nov 2011

The Sun, Venus, Mercury & Rahu in Scorpio, Jupiter in Aries, Kethu in Taurus, Mars in Leo, Moon in Virgo and Saturn in Libra. The comments on 1st November 2011 post is given below for the information of all:

joe said...
Sir it would be great if you post the effects of the grahas position you gave i know you dont predict based on astrology
November 1, 2011 11:41 AM

Sujatha said...
Sir,
what is the impact?? :P donno anything :)
by the way "US economic data" pending if not satisfactory index may pull down?? this planetary is showing that??
regds
November 1, 2011 2:53 PM

Nandi said...
Dear Joe, Sujatha,
As stated last month also (see comments)Nandi is not an astrologer. As such the effects of the planets is beyond the scope of vipani sangeetham. However, it is felt that the configuration of Sun and other planets in the Rasi where Rahu is not good for markets. Please read the post "Hurst, Rahu and the sky signals" dated 24th September 2011.
Nandi feels that Nifty low is yet to come and that may be when Sun is in Scorpio ie. between 17th November to 16th December and Nifty should touch at least 4612.
But, don't forget market is Supreme.
November 1, 2011 11:06 PM

The Nifty fall from last Full Moon day(10th Nov 2011) is given below. Please note that on 10th Indian markets were not trading and there was turmoil in world markets. Next Full Moon is on 10th December, 2011. As Sun and Rahu are in the same Rasi that day a lunar eclipse is taking place. There is no solar eclipse during this time in India. On 25th Nov a partial solar eclipse visible in S. Africa, Antarctica & New Zealand is taking place.

Nifty moves to centre of G2(4960) as expected

Thursday(17-11-11) saw the repetition of Tuesday(15-11-11)ie. moving in a range up to 14:00 and swift down move of more than 50 points thereafter. By the way today the Sun transited to Scorpio where Rahu is present. Nifty opened at 5017 with a loss of 13 points, moved in the range 4992 - 5037 up to 14:00, moved swiftly down to 4919 and closed at 4935 with a loss of 95 points. Nifty futures range was 5052 -> 4915, having a difference of 137 points. It can be seen that Nifty futures low is less than Nifty spot, indicating the vanishing of premium (more than 35 points in the beginning of the month)and the appearance of discount. Today's Nifty average is 4978 and is at centre of G2(4960). Along with that tomorrow falls in the group of Exceptional Friday and hence expect a 50 - 100 points up move intraday (use your technicas to trade). Tomorrow's Agni level is at 4916.

Wolatile Day

Today(16-11-11) was a Wolatile (W = Doble V = VV) day for Nifty. Nifty opened at 5059 with a loss of 10 points, moved down to 4991, moved up again to 5059(today's Agni level was 5057), moved down again to 4990, again up to 5065 and closed at 5030 with a loss of 39 points. Nifty futures range was 4998 - 5080, having a difference of 82 points. If Nifty remains above Agni level(4992) go long. Otherwise Nifty may move to centre of G2(4960).

Saturn transits to Libra and Nifty to G2

Today(15-11-11)Nifty opened at 5123 with a loss of 25 points, moved up to 5159 (today's Agni level was 5153), moved in the range 5126 - 5152 up to 14:00, moved downwards swiftly to 5053 and closed at 5069 with a loss of 79 points. Nifty futures range was 5064 - 5181, having a difference of 117 points. Today Saturn transited from Virgo to Libra and Nifty to G2(Bottom: 4859; Centre: 4960; Top: 5123). As Nifty closing is in G2, it may move to centre of G2(4960)if decline continues. Agni level for tomorrow is at 5057 and shorts should be cleared if Nifty moves above it.

Nifty closes below Agni level

Today(14-11-11)Nifty opened at 5229 with a gain of 60 points, declined and moved in the narrow range 5197 - 5218 till 13:00, moved down steadily to 5141 and closed at 5148 with a loss of 21 points. Nifty futures range was 5249 -> 5148, having a difference of 101 points. Though Nifty opening was above Agni level, after 13:00 it remained below that level. Tomorrow's Agni level is at 5153.

On 11-11-11 Nifty futures moves in 11x5 range

On Friday, the 11-11-11 Nifty opened at 5160 with a loss of 61 points, moved in the range 5142 - 5199 and closed at 5169 with a loss of 52 points. Nifty futures range was 5161 - 5216, having a difference of 55 points. As Agni level for Monday is at 5211 cover shorts and go long if Nifty moves above it.

Nifty closes @5221, below centre of M1

Today(9-11-11)Nifty opened at 5318 with a gain of 29 points, moved in the range 5265 - 5298 up to 14:15, swiftly moved down to 5212 and closed at 5221 with a loss of 68 points. Nifty futures range was 5332 -> 5226, having a difference of 106 points. Today Moon conjunct-ed with Jupiter and tomorrow is a full Moon day (Indian market will remain closed on Thursday on account of Gurunanak Jayanthi). As Nifty has moved downwards from the centre of M1(5286)where it was staying from 1-11-11 it may move to 5168 - bottom of M1(5123) on 11-11-11. Agni level for Friday is at 5251.

Nifty closes at centre of M1(5286) again

Today(8-11-11)Nifty opened at 5301 with a gain of 17 points, moved in the range 5252 (Agni level was at 5250)- 5304 and closed at 5289, with a gain of 5 points. Nifty futures range was 5270 - 5334, having a difference of 64 points. Nifty remained in the plus 20 to minus 32 range and closed at centre of M1 again. Agni level for tomorrow is at 5267.

Nifty closes at centre of M1(5286)

On Friday(4-11-11)Nifty opened at 5326 with a gain of 60 points, moved down to 5294, moved up to 5325, again moved down to 5257 and closed at 5284, at the centre of M1 with a gain of 18 points. Nifty futures range was 5284 - 5354 having a difference of 70 points. Since Nifty is at centre of M1(5286) and also at Agni level(5287), direction of Nifty is obscure. Next week - after the G20 summit - may give some direction. Agni level for Tuesday is 5250(Monday is a holiday on account of Bakri Id).

Nifty closes flat @5266

Today(3-11-11)Nifty opened at 5230 with a loss of 28 points, moved down to 5202, moved up to 5282 and closed flat at 5266. Nifty futures range was 5221 - 5315, having a difference of 94 points. Yesterday's Nifty and Nifty futures ranges were 5205 - 5300 and 5243 - 5335 respectively. Details are given in the table below. Tomorrow's Agni level is at 5287.

Nifty closes below centre of M1(5286)

Today(1-11-11)Nifty opened at 5276 with a loss of 51 points, moved up to 5311, moved down to 5238 and closed at 5258 with a loss of 69 points. Nifty futures range was 5261 - 5335, having a difference of 74 points. As Nifty closing is below centre of M1(5286), Nifty may move to bottom of M1(5123). Agni level for tomorrow is at 5392.