Today(27-2-12) being Moon-Jupiter conjunction day with Venus in the proximity, Nifty opened at 5450 with a gain of 21 points and closed at 5281 with a loss of 148 points. Nifty and Nifty futures range were 5268 - 5450 and 5326 - 5478 respectively, Nifty futures premium remaining high at around 62 points.
Kaprekar numbers were at play again today(refer post dated 5th February, 2012). 2,3,5,8 are first four numbers in the Fibonacci series. In the post mentioned above we saw the importance of figures formed by these numbers. Today at 10:30 5382 and at 13:45 5328 were touched and Nifty is heading for 5238 tomorrow. BTW on 6-2-12 Sgx Nifty March series low was 5263.50(when Nifty March futures low was at 5365) and Nifty almost touched it today. Nifty futures may be moving to that number shortly. It was observed that such freak transactions were achieved within a short period. Tomorrow's Agni level is at 5312. Go long if Nifty moves above Agni level.
13 comments:
hi..nandi ji ..so whats ur target...5263 or 5238...or going above from todays close
sir
how can i find agni leval, please post agni lvl for silver (commodity)
Dear Jonak,
One is Nifty future and other is Nifty Spot. Against our anticipation Nifty moved to 5382.
But expect 5238 in March itself.
Dear Kesav,
Reply to your query was given on 11th Feb below your comments. It is
"Don't know whether you have down loaded "KIndicator" XLfile. Otherwise download it and put arbitrary values for next day close so that trend(C5B) becomes zero. That value is Agni level."
Nandi do not trade in commodities and hence Agni level for silver is not available. If you want you can find it similar to Nifty.
does it mean if nifty spot goes to agni level (5270) with SL a few points below?
if you are nandi, who is kaprekar?
Dear Vinay,
Kaprekar is an Indian mathematician and Nandi is a lover of mathematics. You can have more details on Kaprekar by a google search on "Kaprekar constant".
dear nandiji
will it be proper to buy at agni level with a SL below soma level?
Dear Vinay,
Exit longs & go short when Nifty moves below Agni level is the basic principle. As a stop loss you can put 20 points to avoid huge losses. As you asked, Nandi may say that you can wait up to 4DMA ( 4 Day Moving Average) if it's below Agni level, not more than that. Soma/Surya levels are profit booking areas.
thank you nandiji. loud and clear
For clear view on Agni level please go through comments on "Flat closing at special trading session on Saturday " post dated 4-3-12.
Nandiji, you daily levels are nifty spot or futures?
@Vinay,
Nifty spot only - futures value will be varying according to the premium at that time. If you had downloaded Kindicator file you may be knowing that AGNI level is being worked out on the basis of Nifty spot closing values and hence it is Nifty spot only.
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