Tuesday, July 5, 2011

Nifty closes at 22x (ie. 22 x 256 = 5632)


Today(5-7-11)Nifty opened at 5637 with a loss of 14 points, moved in the negative territory within the range 5612 - 5643 and closed at 22x ie. 5632 with a loss of 19 points. Nifty futures range was 5628 - 5670, having a difference of 42 points. Tomorrow's Agni level is at 5691.

2 comments:

Real Pilot said...

Nandi,
What does 22x value of nifty signify?
Regards

Nandi said...

It has no more significance than it is a multiple of 256, the base value of music scale ie. Shadjam frequency