Nifty closes below Agni level

Nifty today (25-8-09) had almost a "N" shape movement. Opened at 4598(-45), 4636(-7), 4583(-60) at 11.30 and 4673(+30) at 14.42 and closing at 4659 (+16). Though at the first attempt, Nifty didn't go up to Agni level at 4674, in the afternoon session it exactly touched the level (4673) and declined. Tomorrow's Agni level is at 4682, Nifty closing is at 4659 and hence anticipate a decline. However, high volatility is expected as settlement of August series is just two days away.