Nifty closes above 5350

Friday(9-7-10)Nifty opened at 5337 with a gain of 40 points, moved in the range 5336 - 5357 and closed at 5352 with a gain of 55 points. Nifty futures range was 5326 - 5368. In the morning premium was around 10 points and it reduced to 2 points at the time of closing, which is a negative indicator. Nifty may move to 5464 if it crosses 5416 provided, global cues are favorable. Tomorrow's Agni level is at 5333.

Nifty trades in a narrow range

On global cues, Nifty today (8-7-10) opened at 5310 with a gain of 69 points, moved up to 5321 and closed at 5297 with a gain of 56 points. Nifty futures range was 5304 - 5340, a difference of 36 points. If Nifty moves above today's high it may move to top of M1(5464). Otherwise it may return to 5200 levels. Tomorrow's Agni level is at 5275.

Though Nifty lost 48 points it closes above Agni level

Today(7-7-10) Nifty opened at 5297 with a gain of 8 points, soon moved down to 5246 - 5272 range, after 14.00 declined to 5233 and closed at 5241 with a loss of 48 points. Nifty futures range was 5236 - 5288. Though Nifty closed in red it didn't dip below the Agni level for the day (5231). All new visitors may please remember to exit longs(in Nifty futures) when Nifty moves below the Agni level. As per GANN table tomorrow is a red day. But, since Nifty remains above Agni level it should move up. So, for tomorrow AGNI BREAKS OPEN PREMIUM is the only guide. Tomorrow's Agni level is at 5236.

Updated Nifty figures & GANN table given below

Nifty closes at centre of M1(5286)

Today(6-7-10)Nifty opened at 5245 with a gain of 9 points, steadily moved upwards to 5297 (+ 61 points) and closed at 5289 (centre of M1) with a gain of 53 points. Nifty futures range was 5233 - 5314, a difference of 81 points. As tomorrow's Agni level is at 5231 Nifty may move upwards. As per GANN table 7-7-10 is a red day. So a larger down move after an up move seems logical. Let us see.

Nifty closes flat ( with a red shade)

Today(5-7-10)Nifty moved in a very narrow range of 27 points ie. -11 to +16 and closed at 5236 with a loss of just one point. Nifty closing is just above the Agni level for the day(5232). Nifty futures range was 5234 - 5265, a difference of 31 points only. As Nifty closing is above the Agni level and followed the GANN table posted, Nifty may move upwards tomorrow to the area 5285/5300.

On 2-7-10 Nifty opened in green & closed in red !

On Friday(2-7-10)Nifty opened at 5272 with a gain of 21 points, moved in the range 5226 - 5277 and closed at 5237 with a loss of 14 points. Nifty futures range was 5240 - 5285. As Friday's close is in negative continuously for the second day similar to 24th and 25th June, against the expectation of a positive closing, it seems that another color change may have taken place and that will be confirmed with a negative closing on Monday and the downward move may limited to Soma level (5145). Monday's Agni level is at 5232.

GANN Table & one day up next day down moves

For the last five days(from 25th Jun) Nifty's one day up & next day down jump is continuing with gap up / gap down opening. Today(1-7-10)Nifty opened at 5249 with a loss of 64 points, moved in the range 5232 - 5266 and closed at 5251 with a loss of 62 points ie. at today's opening level. Nifty futures range was 5231 - 5275. Let Agni level be your guide. Tomorrow's Agni level is same at 5276.

Whether the following "GANN Square of 9" table is holding the key of the recent movements of Nifty from 9th June, 2010 ? All yellow square up days up to 23rd Jun, yellow square down days from 25th June as two consecutive days (24th & 25th) Nifty was down. From the table tomorrow is an up day. Let us see what happens.