Dull Day: July 6, 2012
Nifty July Futures closed at 5327 down by 17 points. Bank
Nifty closed at 10643.55 down by 5 points. Open Interest in Nifty across all
the series was down by 3 lakh shares at 2.51 Cr shares. Turnover was higher at
Rs 825 bn. Put Call Ratio came down to 0.96 and Volatility as measured by India
VIX was down at 18.04. Dollar Rupee was trading higher at 55.69. In all it was
a dull day.
As it was a listless day without much of a change from
yesterday’s level, my prognosis remains the same. We are heading for 5500 and
it is advisable to remain bullish in the market.
Happy Trading
Atul Doshi
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