OI in Nifty futures hovering around the 20-21 mill mark and VIX excessively cool yet
Critical levels for Nifty and BankNifty still remain unchanged and we should expect a range bound session for May i.e. Crucial Support for Nifty in the 5032-5092 band and Critical Resistance for Nifty in the 5348-5408 band [For BankNifty this should translate to about 10150-10750]
Strange to see BNF futures going @ discount wrt spot and need to observe this for a couple of sessions more [30-40 premium is the usual standard esp at the beginning of the series]
Just an image for illustration with data until yesterday EOD [this is the same chart I shared with our FB Group as well last night]
I am travelling for personal work over the weekend and hence Monday's post is doubtful from my end but expect to be regular from Tuesday.
Critical levels for Nifty and BankNifty still remain unchanged and we should expect a range bound session for May i.e. Crucial Support for Nifty in the 5032-5092 band and Critical Resistance for Nifty in the 5348-5408 band [For BankNifty this should translate to about 10150-10750]
Strange to see BNF futures going @ discount wrt spot and need to observe this for a couple of sessions more [30-40 premium is the usual standard esp at the beginning of the series]
Just an image for illustration with data until yesterday EOD [this is the same chart I shared with our FB Group as well last night]
I am travelling for personal work over the weekend and hence Monday's post is doubtful from my end but expect to be regular from Tuesday.
No comments:
Post a Comment