On Friday(29-7-11)Nifty opened at 5454(bottom of M2), moved up to 5520 (up move of 66 points)on Exceptional Friday Effect as anticipated in the last post, moved down to 5463, moved up again to 5518 (up move of 55 points)and closed at 5482 with a loss of 6 points. Nifty futures range was 5456 - 5531, having a difference of 75 points. As tomorrow's Agni level is at 5448 cover your shorts and go long if Nifty remains above that level.
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