Nifty up 78 points on Exceptional Friday Effect (EFE)

On Friday(18-11-11)Nifty opened at 4890 with a loss of 45 points, moved down to 4848(bottom of G2 is 4859), moved up to 4879, moved down to 4838, moved up again to 4916 and closed at 4905 with a loss of 30 points. Thus the up move on EFE is 78 points against the expected up move of 50 - 100 points. Nifty futures range was 4845 - 4922, having a difference of 77 points. Including Friday, Nifty was in red for the 7th day(maximum earlier was 9 days during 25th April 2011 to 5th May 2011). So, during this week positive closing for one or two days cannot be ruled out. Tomorrow's Agni level is at 4843.