Today(6x2/6x1/6x2) Nifty opened at 5015 with a loss of 34 points, at 13:50 @ 5060, surged thereafter to 5127 and closed at 5116 (@20x ie. 20 x 256 = 5120) with a gain of 62 points. Despite adverse news inflows yesterday(S&P downgrading) & today (dismal IIP numbers) market is moving up on hopes of RBI rate cut!!! How long this could be sustained is the question. As planets are not favorable next week, be on guard. Nifty and Nifty futures ranges were 5015 - 5129 and 5022 - 5138 respectively. Agni level for tomorrow is at 5178.
Tuesday, June 12, 2012
Nifty closes at 20x ie. 20 x 256 = 5120
Today(6x2/6x1/6x2) Nifty opened at 5015 with a loss of 34 points, at 13:50 @ 5060, surged thereafter to 5127 and closed at 5116 (@20x ie. 20 x 256 = 5120) with a gain of 62 points. Despite adverse news inflows yesterday(S&P downgrading) & today (dismal IIP numbers) market is moving up on hopes of RBI rate cut!!! How long this could be sustained is the question. As planets are not favorable next week, be on guard. Nifty and Nifty futures ranges were 5015 - 5129 and 5022 - 5138 respectively. Agni level for tomorrow is at 5178.
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