Today(24-11-11)being expiry day for F&O November series, market was highly volatile. Nifty opened at 4714 with a gain of 8 points, moved downwards to 4639(4639.10 - Nifty's lowest for the year 2011), moved up to 4708 crossing the Agni level @4652, moved again down to 4670, moved up fast 100 points within 30 minutes to 4771 and closed at 4756, at the centre of G1 with a gain of 50 points. Interestingly, the significant up move is seen on the preceding day of New Moon. Thus today also Nifty closing was above 4700 level. Nifty futures range was 4633 - 4768, having a difference of 135 points (very close to yesterday). Tomorrow being an exceptional Friday (condition No.1 - next day after F&O settlement) Nifty may move up 50 - 100 points (may be intra-day due to lack of cues from USA as their markets are closed for thanks giving festival). Tomorrow's Agni level is at 4638.
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