Wednesday, May 23, 2012

EOD Analysis For 23rd May 2012 and Outlook For 24th May 2012

OI in Nifty futures moving up to almost 26 million today and we are 6 sessions away from expiry; VIX finally showing some sanity now but I would still avoid the temptation to go for Puts as the premiums are significantly high.

Critical levels and outlook remain unchanged for both Nifty and BankNifty; the one disturbing fact has been that there has been absolutely no sign of premiums returning on both Nifty and BankNifty over 2 weeks now

1 comment:

reachnagraj / theknight16 said...

Please read the comment as resist the urge to buy OTM Puts