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']

EOD Analysis For 5th July 2012 and Outlook For 6th July 2012

OI in Nifty futures hovering around the 25 million mark still and VIX is well below 20 still

Critical levels remain unchanged for both Nifty and BankNifty [one may refer the illustrative chart posted yesterday] The trendline resistance is rising [the purple line] and Nifty is marginally touching the same and falling back.

Some positive news and volumes can help take the upside further

EOD Analysis For 4th July 2012 and Outlook For 5th July 2012

OI in Nifty futures pretty much unchanged and VIX is still very much on the lower side


Critical levels and outlook remain unchanged for both Nifty and BankNifty [ref images for details]

EOD Analysis For 3rd July 2012 and Outlook For 4th July 2012

OI in Nifty futures pretty much unchanged from yesterday;

Critical Levels and Outlook remain unchanged for both Nifty and BankNifty

Illustrative images will be uploaded later in the evening today

EOD Analysis For 2nd July 2012 and Outlook For 3rd July 2012

OI in Nifty futures higher compared to last week; VIX is excessively cool for now

Critical levels and outlook remain unchanged for both Nifty and BankNifty. As of now, upside looks capped at 5342-5348 on closing basis [intraday uspide seems capped at 5378-5408 levels]

This section will be reviewed with 2 consecutive closes above 5348

Throughout this month, we should remember that the period from 16th July onwards has a highly potent bearish tinge and one should not get carried away by current rally