OI in Nifty futures still low at 19 million [50% drop from March series expiry OI levels!!!]; VIX hovering around 22-23 levels. Healthy premiums restored on BNF futures compared to the last 3 sessions :)
Critical Levels and Outlook For both Nifty and Banknifty remain unchanged from yesterday;
Still expecting 5177 to hold out on closing basis for this week; based on yesterday's and today's price action, the worst case scenario seems to be 5109 [ref Falling Wedge image posted on Monday - 5109 is the floor for April series i.e. the Mother Resistance Line of 2011 price action and current medium term support line]
Critical Levels and Outlook For both Nifty and Banknifty remain unchanged from yesterday;
Still expecting 5177 to hold out on closing basis for this week; based on yesterday's and today's price action, the worst case scenario seems to be 5109 [ref Falling Wedge image posted on Monday - 5109 is the floor for April series i.e. the Mother Resistance Line of 2011 price action and current medium term support line]
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