Tuesday, April 24, 2012

EOD Analysis for 24th April 2012 and Outlook For 25th April 2012

First and foremost, Happy Birthday to the Indian Master Blaster - Sachin Tendulkar :D

OI in Nifty futures again going up today and today hovering around 28.4 million [much lower compared to the last 3 month expiry sessions] VIX was surprisingly cool.

Critical levels and outlook remain unchanged from previous posts for both Nifty and BankNifty

Trading light until expiry dust settles down would be ideal for safe traders ;)

Hope some of you enjoyed the pullback on CNXIT after the drastic fall last week; [200-300 points from the lows were expected and about 200 are done. How much more it will pull back, time will tell :D because its just a pull back after all]

Unless BNF and Infrapack don't lead, very difficult for Nifty to sustain upsides

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