Thursday, October 27, 2011

Nifty moves to M1


On Tuesday(25-10-11)Nifty opened at 5138, moved up to 5155 after RBI announced 25 basis points hike in Repo rate, moved down to 5086, moved up again to 5211 and closed at 5192, in M1 with a gain of 94 points. Nifty futures range was 5087 - 5193, having a difference of 106 points. On Muhurat trading (26th) Nifty moved further higher to 5219 and closed at 5202, in M1 again. So, Nifty may move to centre of M1(5286). Tomorrow's Agni level is at 5177.

No comments: