Sunday, June 26, 2011

Be greedy when others are fearful - Warren Buffett


"We simply attempt to be fearful when others are greedy and to be greedy when others are fearful - Warren Buffett".
Nifty's 151 points gain on Friday justifies it. On Friday(24-6-11)Nifty opened at 5368 with a gain of 48 points, moved steadily up to 5478 and closed at 5471 with a gain of 151 points, second highest gain during the current year(highest was 189 on 1st March). Incidentally Surya level was 5472. Nifty futures range was 5336 - 5491, having a gain of 155 points. Though Friday's Nifty close is in M2(above 5464), average(5411)is in M1. It is to be seen whether Nifty remains in M2 or not. Tomorrow's Agni level is at 5356.
Note: Nifty futures freak trade @ 5371 on 21-6-11 was an indicative trade (refer that day's post) as doubted.

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