Friday(6-7-12)Nifty opened flat, remained in the negative territory and closed at 5317 with a loss of 10 points. Nifty and Nifty futures ranges were 5288 - 5327 and 5297 - 5340 respectively. Agni level for Monday is at 5356.
Nifty position from June 4th to Jul 6th mapped on Nifty music scale is given below. After its upward movement to centre of M1(5286) Nifty may indicate its further direction in coming weeks. Incidentally on 5th June Singapore Nifty marked a low of 4913 in September series and if Nifty moves downward this can be a target.
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