Thursday(17-11-11) saw the repetition of Tuesday(15-11-11)ie. moving in a range up to 14:00 and swift down move of more than 50 points thereafter. By the way today the Sun transited to Scorpio where Rahu is present. Nifty opened at 5017 with a loss of 13 points, moved in the range 4992 - 5037 up to 14:00, moved swiftly down to 4919 and closed at 4935 with a loss of 95 points. Nifty futures range was 5052 -> 4915, having a difference of 137 points. It can be seen that Nifty futures low is less than Nifty spot, indicating the vanishing of premium (more than 35 points in the beginning of the month)and the appearance of discount. Today's Nifty average is 4978 and is at centre of G2(4960). Along with that tomorrow falls in the group of Exceptional Friday and hence expect a 50 - 100 points up move intraday (use your technicas to trade). Tomorrow's Agni level is at 4916.
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