Tuesday, December 13, 2011

Nifty closes at 4800


Today(13-12-11)up to 14:50 Nifty moved in the range (+) or (-) 35 and thereafter zoomed 91 points to reach 4825 and closed at 4800 with a gain of same 35 points. Thus once again moving to sub 4612 levels postponed. We may have to wait for next down move, which may be after 17th or even after Santa Claus Rally which lasts till the end of the calendar year. Nifty & Nifty futures range were 4729 - 4825 & 4731 - 4840 respectively. Tomorrow's Agni level is at 4705 and hence Nifty may move upwards to top of G1(4859) and to centre of G2(4960).

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