Wednesday, June 13, 2012

EOD Analysis For 13th June 2012 and Outlook For 14th June 2012

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

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