Monday, September 5, 2011

Nifty stays above centre of G2


Today(5-9-11)up to 13:00 Nifty moved in the range between centre of G2(4960) and Agni level for the day(4986), after that it moved up to 5030, moved down to 4993, moved up again and closed at 5017 with a loss of 23 points. Nifty futures was in discount and the range was 4954 - 5023, having a difference of 69 points. As tomorrow's Agni level is at 5112 and Nifty is not likely to move to that level tomorrow, avoid longs.

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