OI in Nifty futures marginally up by 1 million to 23 million and VIX still not reflecting the correct price action
Critical levels and outlook for both Nifty and BankNifty remain unchanged from previous post.
The deep discounts in BNF futures are a bit disturbing; we may have to wait till the middle of next week to see the regular 30-50 point premium and that too if spot prices start moving up significantly forcing shorts to cover
Will update 2 charts later in the day tonight with EOD price action on Nifty and BankNifty
Updated Charts [was excited with the IPL matches last night and didn't post these charts - lazy me....]
Nifty Daily Chart
BankNifty Daily Chart
Critical levels and outlook for both Nifty and BankNifty remain unchanged from previous post.
The deep discounts in BNF futures are a bit disturbing; we may have to wait till the middle of next week to see the regular 30-50 point premium and that too if spot prices start moving up significantly forcing shorts to cover
Will update 2 charts later in the day tonight with EOD price action on Nifty and BankNifty
Updated Charts [was excited with the IPL matches last night and didn't post these charts - lazy me....]
Nifty Daily Chart
BankNifty Daily Chart
No comments:
Post a Comment