Sunday, February 17, 2013

Nifty closes at 23x (ie. 23 x 256 = 5888)


On Friday(15-2-2013) Nifty closed at 5887.40 ie. 23x. Nifty and Nifty futures ranges were 5854 - 5900 and 5859 - 5909 respectively. At Friday closing Nifty stands below Agni level(5903), 4DMA(5910) & EMA10(5931). Further move of Nifty will depend on which side of "NI SA RI" area (5824 - 5920) it breaks.

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