Tuesday, December 27, 2011

EOD Analysis for 27th December 2011 and Outlook for 28th December 2011

2 days to go for expiry and still no trace of volumes; OI in Nifty futures still hovering around the 25.5 million mark in the morning session and then notching up to 27 million towards the middle session and 28.3 million odd at close [just rolling over of positions I reckon and a good way to suck out options premium]

Critical levels remain unchanged and outlook remains unchanged.


A close above 4840 opens for another 144 points UP
A close below 4690 opens for another 144 points DOWN

A Weekly close below 4509 will spell doom on the bourses.

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