Friday, January 6, 2012

EOD Analysis for 6th January 2012 and Outlook for 7th January 2012

Price volatility and trading opportunities on expected lines but volumes still missing on the bourses. OI in Nifty futures still pretty much unchanged at 23.5 to 23.8 million despite the steep cuts and sudden spike up! VIX below 27 still on the back of thin volumes and seemingly flat session on EOD basis. Broader markets under selling pressure.

Critical levels and outlook remain unchanged.

Personally, not attaching importance to tomorrow's session as it is just a testing session and no updates will be made tomorrow. Next update on Monday EOD

Hope the first week of 2012 trading brought in cheer to your trading margins; we hope that you get more and more trading success as we move through 2012.

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