Today(14-3-12) Nifty closed exactly at 5464 ie. boarder of M1 & M2 with a gain of 34 points. Nifty and Nifty futures ranges were 5438 - 5499 and 5472 - 5542 respectively.
Tomorrow being RBI credit policy review day and day after tomorrow Budget day, Nifty may be highly volatile. If Nifty goes up it may move to centre of M2(5642) and if otherwise it may move to centre of M1(5286). So caution is required. As Agni level for tomorrow is at 5505 go short if Nifty does not move above it.
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