Wednesday, March 21, 2012

EOD Analysis For 21st March 2012 and Outlook For 22nd March 2012

OI in Nifty futures was at 35 million in the morning session and both NF and BNFfutures trading at significant premium. Critical levels and outlook remain unchanged from yesterday's post.

As mentioned earlier as well, 21st March to 23rd March is a critical period and the trend set here usually lasts for 2 weeks. Rather than rushing into positions, one should slowly build positions as critical levels are taken out i.e. 5348-5408 so on and so forth.

[One can go through the blog archives of February 2012 where there are 2 specific posts on important dates for 2012 and Nifty Support/Resistance levels]

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