RBI announcement of 50 basis point cut in CRR lifted Nifty 100 points and close at top of G2 and at 20x (ie. 20 x 256 = 5120). Today(24-1-12)Nifty opened at 5072 with a gain of 26 points, moved in the range 5052 - 5066 till RBI announcement at 11.00 am, surged to 5141 by 12.25 and closed at 5127 with a gain of 81 points. Nifty futures range was 5049 - 5150, having a difference of 101 points. Tomorrow's Agni level is at 5150.
1 comment:
Sir,
I feel still v r in "neckline' nifty stocks 5 day RSI is abv 85 and 14 day RSI above 65. i didn't deny that it may "continue there for some more time" but really itching r v starting of new bull market??? heart says "No" it may be a "false one" sometime back it showed like "andrew pitchfork" i believe that power is showing it's colour + it may be bear market 50% retracement level. it may loose at any time once 5K breakes then i will look for your yearly view :D :)
regds
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