Tuesday, June 5, 2012

EOD Analysis For 5th June 2012 and Outlook For 6th June 2012

OI in Nifty futures still hovering around that 17 million mark and such volumes will not be able to sustain the upsides; BankNifty futures still going at discounts [this is the 5th week in a row with this feature]

Critical levels and outlook remain unchanged for Nifty and BankNifty; finer trading levels covered by Raghuji as usual.

I would encourage readers to go through the latest article by Nadeem Walayat on Euro-zone financial woes updated this weekend [just go to the The Market Oracle site link to which is available on this blog] Whilst some rhetorics are overdone in the article, overall, the Catch-22 situation has been well covered in the series of articles.

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