On Friday(20-1-12)Nifty opened at 5051 with a gain of 33 points, moved down to 5004, surged 60 points within 15 minutes and closed at 5049 with a gain of 31 points. Nifty futures range was 5006 - 5065, having a difference of 59 points. Today Nifty reached and closed @5056 (see table), anticipated in the post dated 17th Jan. As Monday being a new Moon Day (1st day of Chinese Lunar Year) trend reversal can also happen. Agni level for tomorrow is at 5092.
3 comments:
NOt only chinese, am remembering your "mayan calender" also :) + ur year end views. Will match the "price"
tks nd regards
can we go long above surya level5119 ?...or if it breaches 5092 ..then short ?
Dear Sujatha,
China is also having lunar year as Mayans. But the difference is Chinese Lunar Year starts on New Moon day in January where as Mayans on New Moon day in December.
However, as you pointed out Nifty is again near to 5126. Within one lunar month Nifty covered nearly 1100 points.
Dear Deepak,
Surya level is expected high and Soma level is expected low for the day - if you want it can be considered as resistance and support. Usually Agni level is in between the above two. You can go long above Agni level it self.
Please go through all the posts dated 1st January and try to follow day trading manthra also.
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