Friday, July 6, 2012

EOD Analysis For 6th July 2012 and Outlook For 9th July 2012

OI in Nifty futures pretty much unchanged at 25 million and VIX is excessively cool

Critical levels and outlook remain unchanged for both Nifty and BankNifty

[Just would like to add that reversal levels have been moving up for Nifty at about 5225 on closing basis now and 10400 for BankNifty i.e. once the respective indices close below these levels, they become 'Sell on Rise']

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