Highly volatile day - Nifty futures high- low diff 196 points

Volatility was highest today (6-3-12) and Nifty closed at 5222 with a loss of 58 points. Nifty and Nifty futures range were 5206 - 5382(172 points) and 5232 - 5428(196 points - highest during this year) respectively. Though stage was same as yesterday, to day Nifty moved through the entire space of the stage ( please compare yesterday's and today's tables) according to results of 5 state assemblies. As Full Moon with Mars conjunction is due on Thursday (holiday for Indian Markets on account of Holi) and Nifty is below Agni level, Nifty may move to bottom of M1(5123). Agni level for tomorrow is at 5260.