Today(9-8-11)Nifty opened at 4946, with a loss of 173 points as DOW lost 635 points(5.55%)yesterday and all markets followed suit. But, retaining that low, Nifty steadily moved up to 5167 (a gain of 221 points), moved down to 5014, moved again up to 5091 and closed at 5073 with a loss of 46 points only. This performance of Indian market was very encouraging compared to all other markets in the world. This positive cue may create an up move in other markets also. Nifty futures range was 4951 - 5172, having a difference of 221 points which is highest during this year. As Nifty touched the centre of G2(4960) as mentioned on Sunday and Agni level for tomorrow is at 4990, which is far below from today's close it is a buy tomorrow. As Nifty skipped centre of M1(5286)on gap down opening, that level may reach shortly.
No comments:
Post a Comment