Saturday, October 23, 2010

This week may witness high volatility


Friday(22-10-10) Nifty opened at 6121 with a gain of 19 points, moved in the range 6120 - 6080 up to 13.00, declined to 6041 and closed at 6066 with a loss of 36 points. Being a Friday and just one day prior to full moon, Nifty's movement is quite normal. Nifty futures range was 6058 - 6150. Due to the settlement of October series,this week may witness high volatility(premium around 20 points). Monday's Agni level is at 6012.

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