Nifty Futures 5 min
Nifty Futures 60 min
Nifty Futures EOD
Pivot
India VIX
Nifty Futures closed at 4812.00 below pivot and averages indicates market is still bearish and may tank few more points as said in yesterdays post Nifty need strong rally for gains now... it may test support zone of 4771 and 4731 and on upside it may try to reach 4868 and 4925 and selling and buy zones are 4838 and 4785, India VIX closed with small gain (0.86%) till 21DMA protected bulls no need to worry about small gains and Stoch & RSI are in favour of Bulls and holding sell major harm is possible from 21DMA and 10DMA both are looking strong against Bulls by supporting Bears on VIX and now they are major supports any fall on VIX is protected till these Two EMAs and will act and try to protect fall on VIX index, no on Nifty as discussed on yesterdays post Hourly chart still holding sell and it continued today and now on hourly chart KST indicator trying to reach oversold zone and still on over bought zone so please avoid longs till it reaches oversold zone and on fresh buy cross on Oversold zone may gives us a chance to enter in longs.. On Daily chart again some movement is visible and looks like KST indicator again trying sell on Over sold zone its not good development for bulls if KST again holds sell here bulls may get trapped, avoid carrying position till clear trend is visible. All these factor saying nifty may trade volatile for next 2-3 days.
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