On Friday(12-8-11)Nifty opened at 5194, moved down to 5053 and closed at 5073 ie. August 9 level with a loss of 65 points. Nifty futures range was 5181 -> 5052, having a difference of 129 points. As tomorrow's Agni level is at 5045 go long unless Nifty moves below that level.
Note: given below are the combined levels from main scale and daily scale
4960 - 5056 - 5123 - 5168 - 5286 - 5312 - 5376 - 5434 - 5464 - 5555
and the lows Nifty moved to last week are 5054, 4946, 5123, 5121 & 5053 which are very close to first three figures.
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