Thursday, October 28, 2010
Repetition of last years October series settlement
Today(28-10-10)Nifty was highly volatile after 2.00 p.m. and lost more than 100 points before closing. Nifty high and low were 6071 & 5968 (for details see chart). Nifty October futures range was 6084 -> 5976 where as November futures range was 6123 -> 6040 having a titanic premium of 86 points, which was not seen before. Tomorrow being an exceptional Friday(Friday following F&O settlement)an upward move of 50 to 100 points expected. Tomorrow's Agni level is at 6029.
Similar to yesterday's charts, last years settlement day (29th October,2009)chart and today's chart are given below. One and half hours end game (compared with chess) was almost similar with difference in magnitude only. Do post your comments on it.
Nifty chart dated 29th October, 2009
Chart dated 28th October,2010 (ie.today)