Exceptional Friday Effect 93 points; But Nifty up 44 points only

As the area around 4731(recent high)may offer stiff resistance and possibility of sell off is also there, Nandi didn't expect much gain today(28-8-09) due to Exceptional Friday Effect. Lo! market has its own ways. First, Nifty corrected intraday to 4651( -37 points) to create head space for Exceptional Friday Effect and zoomed 93 points to 4744, breaching the recent high of 4731. However, Nifty closed at 4732 with a gain of 44 points only. Now the probability is that Nifty may move to centre of Gandharam at 4759 on Monday. As the 4th September is the next Full Moon day, expect the top around that date.