After the unprecedented surge of 651 points and historic upper circuit halt yesterday, it is quite normal that Nifty oscillated heavily today. Today (19-5-09) Nifty opened and surged to 4465 (gain 142 points)and next moment started to decline and by 10.02 a.m it reached 4168 ( loss of 155 points compared to yesterday's position and 297 points when compared to today's opening position)and that too within 7 minutes. Seen the speed at which it declined ? Then it went again up to 4509 (13.18 hrs) and declined slowly and closed at 4318, with a loss of just 5 points.
The variation in Nifty Future was even more: High - 4620 and Low - 4187. High of Nifty Mini was staggering at 4803 (Some poor short guy might have frantically grabbed it!!!)
What next? As per Nandi's view, the surge above 4100 at this time is artificial and hence it has to come down. Whether it will come down or whether FIIs will permit it to come down, let us see.
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