Wednesday, September 28, 2011

Nifty closes below centre of G2(4960)


Today(28-9-11) Nifty opened at 5006 with a gain of 35 points, swiftly moved below centre of G2 to 4951, moved in the range 4918 - 4965 and closed at 4946 with a loss of 25 points. Yesterday's unanticipated closing above centre of G2 gave an impression that Nifty may again move towards top of G2(5123) or at least to 5056. What was said day before yesterday proved right today. Nifty futures range was almost similar to yesterday, 4906 - 4995 (low same, high just 6 points difference, but in reverse direction) having a difference of 89 points. Being F&O settlement day Nifty may be highly volatile tomorrow and Agni level is at 4832.

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