Today(24-8-11)also Nifty moved in between bottom(4859) & centre(4960) of G2, but direction was reverse. Nifty opened at 4921 with a loss of 28 points, moved upto 4962 (centre of G2), moved down and stayed in the narrow range 4900 - 4930 till half an hour before closing, moved further down to 4875 and closed at 4889 with a loss of 60 points (yesterday's gain was 50 points). Nifty futures range was 4867 - 4962, having a difference of 95 points and most of the time in discount to spot. Being settlement day for F&O August series and SEBI's order on daily charging of hefty interest on margin money shortages takes effect on new series, Nifty will be highly volatile and roll over of F&O positions may be minimum. Whether that will favor an upmove in Nifty or not can be seen tomorrow. Tomorrow's Agni level is at 4831.
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