Today(25-8-11)being the settlement day for F&O August series, Nifty opened at 4915 with a gain of 26 points, moved down steadily to 4839, moved up to 4895, moved down again to 4849, moved up again to 4876(14:10). Last half an hour witnessed very high volatility which was not seen recently. At 14:30 Nifty was at 4858, around 15:00 it moved up to 4883, discarded 60 points within 10 minutes to touch day's low at 4825, before closing at 4840 (in G1 again), with a loss of 49 points. Nifty futures range was 4912 -> 4831, having a difference of 81 points. As tomorrow's Agni level is at 4861 go short unless Nifty moves above it. As indicated on Monday (22nd) Nifty may continue its downward journey.
Note: Downward figures are 4960 - 4912 - 4859 - 4800 - 4759 - 4656 - 4612 (In continuation to the figures given on Aug 15th). More figures will be given in due course if necessary.
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