Tuesday, May 8, 2012

EOD Analysis For 8th May 2012 and Outlook For 9th May 2012

OI in Nifty futures still hovering around the 20-21 million mark and VIX is surprisingly cool not really reflecting the true status of the volatility in the market

Critical levels and outlook remain unchanged for both Nifty and BankNifty from yesterday's post [please refer to the image posted in the updated post last evening] The close below 5032 does not augur well for bulls; need to see how things pan out tomorrow

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