Sunday, December 11, 2011

Nifty closes at bottom of G2


On Friday(9-12-11) Nifty opened at 4873 with a loss of 71 points, moved down to 4843, moved up to 4902, moved down again to 4842, moved up again to 4918, moved down again to 4857 and closed at 4867 ie. bottom of G2(4859). Nifty futures range was 4850 - 4943, having a difference of 93 points. On Monday Nifty may move up on global cues. But, have to wait next two weeks (particularly from 17th to 24th)to see whether Nifty is moving down to sub 4612 levels. Upmove without going to "NiSaRi" area in major scale may not sustain. Nifty mapped on major scale from Nov Full Moon to Dec Full Moon (also a Lunar Eclipse day)is given in the table below. Agni level is high at 4977



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