EOD Analysis For 25th May 2012 and Outlook For 28th May 2012

OI in Nifty futures hovering around the 24 million mark and VIX coming closer to measure price action

Critical levels and outlook remain unchanged and in all likelihood, the range for the pending 4 sessions to expiry is likely to be around 4800 and 5032 levels on spot unless something significant comes up

As mentioned earlier, the upside on closing basis for the remainder of May is likely to be restricted to 5032 levels i.e. after completing 21 consecutive sessions below this band [14 down now and 7 to go] So the odds of going above the 5032-5092 band and challenging the congestion zone of 5125-5150-5169-5177-5196 comes to the 2nd trading session of June series IMHO

[As usual my levels are much broader whilst finer levels are covered by Guruji......enjoy the weekend and I will be back next Monday EOD [hopefully depending on my travel schedule]

EOD Analysis For 24th May 2012 and Outlook For 25th May 2012

OI in Nifty futures hovering around the xx million mark

Critical levels and outlook remain unchanged for both Nifty and BankNifty

Today marked the 13th consecutive trading close below the crucial 5032 mark and thus implying that the next 8 trading sessions will have this level as the upside on closing basis [not over 5092 in all likelihood till the end of May series]

EOD Analysis For 23rd May 2012 and Outlook For 24th May 2012

OI in Nifty futures moving up to almost 26 million today and we are 6 sessions away from expiry; VIX finally showing some sanity now but I would still avoid the temptation to go for Puts as the premiums are significantly high.

Critical levels and outlook remain unchanged for both Nifty and BankNifty; the one disturbing fact has been that there has been absolutely no sign of premiums returning on both Nifty and BankNifty over 2 weeks now

EOD Analysis For 22nd May 2012 and Outlook For 23rd May 2012

OI in Nifty futures hovering around the 24 million mark and VIX still not reflecting the real state of the market.

Critical levels remain unchanged for both Nifty and BankNifty from previous post

As mentioned earlier, I am enjoying my well deserved vacation so expect delays, bunking blogging paathshaala etc :D

Raghuji and SMO are covering trading levels in detail as usual.

EOD Analysis For 21st May 2012 and Outlook For 22nd May 2012

OI in Nifty futures a shade lower @ 23 million mark today and VIX around 24 mark

Critical levels and outlook for Nifty and BankNifty remain unchanged from previous posts
Despite a rise of over 350 points on BNF spot price in 3 sessions, no signs of premiums being restored on BNF futures

Recap
Supports have dropped significantly @ 4800-4840-4880
Resistances @ 4911-4944-4994-5032 [the expectation was a bounceback from 4911 levels but that was not to be.....]

Upside perhaps capped @ 5032 [proving to be so close yet so far right now] on closing basis until Thursday which marks the 13th consecutive session below this level. If not surpassed on closing basis by Thursday, then the odds of staying below 5032 increase for 1 more week.

9 sessions to go for expiry and it is prudent to take options positions in June series and ideally within 100 points  strike on either direction from spot rather than very far OTM culles and pulles