Steady Day: August 8, 2012
Nifty August Futures closed at 5354.75 up by 7.05 points.
Bank Nifty closed at 10559.15 down by 61.35 points. Open Interest in Nifty
across all the series was up by 5.94 lakh shares at 2.56 Cr shares. Turnover
was better from yesterday at 1.16 trillion. Put Call Ratio across all the
series was down below 1 at 0.98. Volatility as measured by India VIX was up at
16.37 and Dollar Rupee pair was trading at 55.44. It was an marginally up day
but some profit booking was witnessed at higher level.
I stick to my earlier stand that we are in intermediate bull
zone and as long as we are not closing below 5200 every dip is an opportunity
to buy with potential target of 5500.
I have discontinued with daily detailed statistics as
readers are interested only in what is going to happen in future rather than
what has happened in past.
Happy Trading
Atul Doshi
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