Wednesday, July 18, 2012

EOD Analysis For 18th July 2012 and Outlook For 19th July 2012

OI in Nifty futures marginally higher today at about 27.5 million but VIX is excessively cool.

Critical levels and outlook remain unchanged for Nifty and BankNifty and Sell on Rise mode is still active

Above 5280, bulls may take the upside a bit further but moving beyond 5348 on closing basis in July series can be a low probability outcome.

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