Today(29-5-12)Nifty moved in the range 4982 - 5021(39 points difference), slipped to red twice and closed flat at 4990. Nifty futures range was 4966 - 5011, having a difference of 45 points. Expectation of more down move with closing in red didn't materialise today. Tomorrow's Agni level is at 5021, which is incidentally high of today. Exit longs if Nifty does not move above it.
3 comments:
any special observation from you about FOMC meet June 19-20....solstice time ..these people hold Important meets at astro events....chanes of any QE3 ....but the thing is we need severe financial fear before qe3...
and i have a hunch we are going to hit 4504 freak figure again
Dear Jonak,
It is observed that when ever there is an important astro event some thing will happen to pull/lift the market. Nandi was expecting a down move yesterday - which didn't materialise. But, it happened today and may continue tomorrow also.
Don't know any thing about FOMC or Q3 and it is beyond the sphere of vipanisamgeetham's method of analysis.
thanks
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