OI in Nifty futures higher compared to last week; VIX is excessively cool for now
Critical levels and outlook remain unchanged for both Nifty and BankNifty. As of now, upside looks capped at 5342-5348 on closing basis [intraday uspide seems capped at 5378-5408 levels]
This section will be reviewed with 2 consecutive closes above 5348
Throughout this month, we should remember that the period from 16th July onwards has a highly potent bearish tinge and one should not get carried away by current rally
Critical levels and outlook remain unchanged for both Nifty and BankNifty. As of now, upside looks capped at 5342-5348 on closing basis [intraday uspide seems capped at 5378-5408 levels]
This section will be reviewed with 2 consecutive closes above 5348
Throughout this month, we should remember that the period from 16th July onwards has a highly potent bearish tinge and one should not get carried away by current rally
No comments:
Post a Comment