KST indicators crossed in oversold zone and trading near baseline and trying to trade above baseline indicates market remains strong.
Pivot
S 2 | S 1 | Pivot | R 1 | R 2 |
5482.9 | 5502.6 | 5515.8 | 5535.5 | 5548.7 |
Nifty Closed at 5522.40 above pivot point buy for 5535 and sell for 5502, If we look at futures nifty Futures trading above averages @ 5550.70 (Avg. Price 5532.41) indicates volatility continues if nifty loose some points in morning other wise good for longs, If we look at near month option data call options closed above Averages price and Put Option Closed below Averages indicates market is now in strong positions and looking good for investment.
India VIX
Open | High | Low | Current | Prev Close | |
20.97 | 20.97 | 18.83 | 19.84 | 20.97 | -5.39 |
India VIX closed at 19.84 down by -5.39% indicating market is stable and if again trades below 18 market may face selling at higher level.
[edit]
No comments:
Post a Comment