Today(30-6-11) Nifty opened at 5631 with a gain of 31 points, moved in the narrow range 5606 - 5637 till 15.00, moved up to 5658 during the last half an hour(may be due to short covering being the F&O settlement day) and closed at 5647 with a gain of 47 points, at the middle of M2(5642). Nifty futures range was 5604 - 5654, having a difference of 50 points only. Tomorrow is a crucial day due to the following.
1. Nifty closed below Agni level for the day(5701)
2. Nifty closing is at centre of M2 and in "Ni Sa Ri" area where a reversal is possible
3. July 1 is a New Moon Day where trend reversal can happen. (Tomorrow's partial Solar eclipse is visible at Antarctica only and hence no body may see it)
4. Nifty was closing with gains consecutively for the 8th day. (Last such happening was from March 22 to March 31)
All the above facts warrants caution and Nifty may open positive and move to negative zone later. Tomorrow's Agni level is at 5726.
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