OI in Nifty futures still hovering around the 21.5 million mark and VIX has cooled off a shade further;
Critical levels and outlook for both Nifty and BankNifty remain unchanged from previous update;
Upside seems capped @ 5348 on closing basis and only volumes and/or gap-up can take the index higher;
On the downside, 5177 should provide support [5032-5092 band in case of a severe sell-off; ideally 5109 should provide a very sharp bounce-back]
Critical levels and outlook for both Nifty and BankNifty remain unchanged from previous update;
Upside seems capped @ 5348 on closing basis and only volumes and/or gap-up can take the index higher;
On the downside, 5177 should provide support [5032-5092 band in case of a severe sell-off; ideally 5109 should provide a very sharp bounce-back]
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