Nifty Futures 5 min
Nifty Futures 60 min
Nifty Futures EOD
Pivot
India VIX
Nifty Futures closed at 4803.10 below pivot and averages indicates market is still weak after good start and now it may test and take support from 4769 and 4735 on down side and may reach resistance of 4848 and 4893 selling attempt by bear may be at 4824 and buying attempt may possible at 4781, today India VIX closed with loss of 4.40% on if we look at VIX chart VIX is failed to hold major resistance of 50 DMA and now Stoch is looking down and RSI too want to support weakness on VIX if all this events get full filled VIX may tank few more points from here and may again try to climb high from support of 10 DEMA and 21 DEMA, until this both moving averages holds VIX looks strong. MACD still on oversold zone and supporting up move on VIX, if we look at all this points Nifty looks very volatile and due to expiry, high volatile trades are common... On Nifty, After good start in morning bulls collected some food from market but failed to hold good gains looks very disappointing event for bulls. Now on charts on hourly chart now KST Indicator is again attempting sell on oversold zone. As we discussed on yesterdays post, buying in falling market is nothing but pure gamble. Wait for clear buy cross here to go long and use strict stop loss and respect stop loss if u got some points use trailing stop loss and protect capital and then think about profit.... On EOD chart KST Indicator is on oversold and still want to look on down side indicates bull may need to wait more as we say always "andhere ke baad savera jaroor aata hai"....
No comments:
Post a Comment