Wednesday, July 25, 2012

EOD Analysis For 25th July 2012 and Outlook For 26th July 2012

OI in Nifty futures hovering around the 33 million level and VIX not reflecting price action appropriately

Critical levels and outlook remain unchanged for both Nifty and BankNifty

5032-5092 is a critical support band and going below that on closing basis means more pain for bulls
Short-covering can take Nifty to the congestion band of 5169-5177-5196 and strength to be confirmed only above 5225

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