Today(5-3-12)Nifty closed at 5280, at centre of M1(5286), with a loss of 79 points. Nifty and Nifty futures ranges were 5266 - 5345 and 5295 - 5377 respectively. On 27th February, 2012 Nifty low and Nifty futures low were 5268 and 5326 respectively ie. premium reduced to 29 points from 58 points. Tomorrow's Agni level is at 5310.
3 comments:
Bala Sir,
I haven`t understood the significance of Nifty closing at M1( 5286).Could you please elaborate?
All I have understood is that, closing to closing, Nifty has moved down from 5359.40 to 5280.35.At the same time Agni has moved from 5269 to 5355.There seems to have been a cross over.( Do you have a chart which depicts Nifty and Agni levels on a daily basis?
Suresh
Dear Shri Suresh,
That figure 5286 is given against M1(Sudha Madhyamam) on the left side.
If entered from bottom or top Nifty moves to centre. From there reversal can happen or continue its journey.
Down load Kindicator file (please see post dated 5th February,2012 post) and update it. You will know why that happened.
With regards
Thank you Bala Sir.
I have downloaded your excel files from February 05 post. Let me go through and I will come back to you for clarity.
Warm Regards,
Suresh
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