Wednesday, February 22, 2012

EOD Analysis For 22nd February and Outlook For 23rd February

Volumes in Nifty futures saw a BIIGG surge today with OI hovering around 40 million! Now this kind of volume can help Nifty gain 150-200 points on the upside and equally on the downside also!
Critical levels and outlook remain unchanged from yesterday
After a relentless rally of almost 1100 points and one day prior to expiry, a few sessions of profit booking / consolidation is fairly logical and healthy for the market.

Expecting 5177-5196 to hold out on closing basis till 29th Feb '12 even in case of sharp profit booking sessions;

No comments: