KST
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INDIA Vix
Open | High | Low | Current | Prev Close | |
20.47 | 21.87 | 20.24 | 21.02 | 20.47 | 2.69 |
Indian Volatility Index closed at 21.02 up by 2.69%, even in positive trend indicates volatility is building due to expiry week VIX reaching towards 22-23 indicates selling is building at higher level.
Pivot
S 2 | S 1 | Pivot | R 1 | R 2 |
5613.9 | 5650.5 | 5679.8 | 5716.4 | 5745.7 |
Nifty closed at 5687.25 above pivot and near to pivot short term target of 5716.4 is important for upside move if nifty fails to reach 5716 may lead to downwards for 5650.5, If we look at option data all put options are trading below averages and call options are trading above averages and Nifty future is now trading above Averages indicating strong move. But due to expiry week we have to book profit at higher level and wait for re-enter at lower levels.
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