Let's check performance of nifty in 2009 in every expire cycles.
29th Jan 2009 expiry was at 2823.95
26th Feb 2009 expiry was at 2785.65(-38.3)
26th Mar 2009 expiry was at 3082.25(+296.6)(MAIN event of election)
29th Apr 2009 expiry was at 3473.95(+391.7)(MAIN event of election)
28th May 2009 expiry was at 4337.10(+863.15)(Good Election result)
25th Jun 2009 expiry was at 4241.85(-95.25)(Profit booking before budget)
29th Juy 2009 expiry was at 4513.5 (+271.65)(Rebound after below than expected budget)
27th Aug 2009 expiry was at 4688.2 (+174.7)(Monsoon concerns and rebound after that)
24th Sep 2009 expiry ? (now nifty at 4976)
As per average rule it has to be above 4954.5
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