OI in Nifty futures still hovering around the 17-18 million mark and VIX is ok at current levels
Critical levels and outlook remain unchanged from previous posts for both Nifty and BankNifty
5169-5177-5196 is the congestion area based on last 15 months data above which some fireworks may come through; likewise 10200-250 level for BNF
Hope some of you managed to reap benefits in LT - outlook still remains the same i.e. Buy The Dips as long as 1275 holds on closing basis.
Big Boy has not yet joined the party with critical resistance in the 723-725 band; closing above this [ideally 2 consecutive closes] opens RIL for 750-770 levels
PS: Please note that stock specific outlooks are exceptions on this blog and mentioned only when I have some time and the opportunity seems a high probability one.....:D
Critical levels and outlook remain unchanged from previous posts for both Nifty and BankNifty
5169-5177-5196 is the congestion area based on last 15 months data above which some fireworks may come through; likewise 10200-250 level for BNF
Hope some of you managed to reap benefits in LT - outlook still remains the same i.e. Buy The Dips as long as 1275 holds on closing basis.
Big Boy has not yet joined the party with critical resistance in the 723-725 band; closing above this [ideally 2 consecutive closes] opens RIL for 750-770 levels
No comments:
Post a Comment