On Friday(8-7-11)Nifty opened at 5740 with a gain of 11 points, moved down to Agni level(5692), at 14:40 breached Agni level and moved down to 5651 and closed at 5661 with a loss of 68 points. As Nifty closing is below Agni level, Nifty may move further down to centre of M2(5642) & bottom of M2(5464)in coming days. As Nifty has not completed the up move to top of M2(5797), up move may resume after this down move. Nifty futures range was 5661 - 5760, having a difference of 99 points. As Agni level for tomorrow is 5683 go short unless Nifty moves above it.
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