Nifty closes in Anthara Gandharam

Today(17-2-10)Nifty opened at 4907 with a gain of 51 points, moved in the range + or - 25 points from that level and closed around opening level at 4914 with a gain of 58 points in the Anthara Gandharam range. Tomorrow's Agni level is at 4911 and Nifty may move to the centre of Anthara Gandharam.

Nifty closes near top of Gandharam(4859)

Today(16-2-10)Nifty moved in the range 4791 - 4844 up to 14.30,and surged to 4880, the level not seen after 5th February, and closed at 4856 with a gain of 54 points, near top of Gandharam(4859). As it is above the tomorrow's Agni level at 4846 Nifty may move to Anthara Gandharm range(Low:4859, Centre:4960, Top:5123).

Nifty closes near 4800

After moving in the range similar to last Thursday, Nifty today(15-2-10)closed at 4802 with a loss of 25 points. Tomorrow's Agni level is at 4820 and today's close is below that. If Nifty is not moving above Agni level tomorrow it may move downwards.

Buzz - a new interactive forum from Google

Traveled in the google buss (Google says "Buzz")for a short time on 11th February (2nd day of its launch)chatting with some old friends and some new. Similar to the first journey in the low floor Volvo ac buss in Trivandrum last month, it was amusing. Please do board the buzz, so that we can chat a little if we meet there. Best wishes for a happy journey to Google team.

Mahashivratri - chant 'Om Namah Shivaya'

12th February 2010

Nifty moves to top of Gandharam

On 7th February, 2010 it was said "Nifty may move up to the top of Gandharam(4859) before resuming it's downward movement". Till yesterday the maximum high reached after that was 4827 only. Today(11-2-10)at 14.35 Nifty moved to 4844 and touched "S" near top of Gandharam. Therefore, if required, from now on Nifty can start its downward journey to lower levels at any time. Watch Agni level and take appropriate action. Next Monday's Agni level is at 4792. Tomorrow market is closed on account of Mahasivarathri.

Nifty closes again at centre of Gandharam

Today(10-2-10) also Nifty didn't move to the top of Gandharam(4859) as anticipated. It moved up to 4827 at the opening and up to 4821 at 13.22 and declined, despite good opening by European markets. Nifty futures high was 4824 at 13.22. After slipping to 4748 at the time of closing, Nifty closed at 4757 with a loss of 36 points, at the centre of Gandharam, where it was on 6th and 8th February 2010. As tomorrow's Agni level is at 4741, any move below that will generate a sell signal and Nifty may move down to centre of Chatusruti Rishabham (4464)without much delay.