Update for 15th July 2011

   Nifty Futures' Direction - Still Undecided ?

The gaps in the charts of indices were filled as on yesterday. But, the direction of Nifty seems to be still undecided and it is still enjoying support at the 5500 - 5550 levels. Due to other pre-occupations, this edition is kept short with just the system updates.

Nifty Futures - Daily Chart       

Nifty Options Scene   

The July series Nifty Options Put Call ratio ( PCR July series ) closed higher at a  1.18 times on Thursday.

Update for 14th July 2011

  Nifty Futures Still Supported by the 50 DMA ?

The gap seen in the daily chart of Nifty future was filled yesterday. But the gaps in the daily charts of the Nifty and Sensex  are still open and this makes the technical position tricky. Except for these comments today's update is limited to just charts and system updates. 

Nifty Futures - Daily Chart