Thursday, July 5, 2012

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

OI in Nifty futures hovering around the 25 million mark still and VIX is well below 20 still

Critical levels remain unchanged for both Nifty and BankNifty [one may refer the illustrative chart posted yesterday] The trendline resistance is rising [the purple line] and Nifty is marginally touching the same and falling back.

Some positive news and volumes can help take the upside further

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