Nifty Futures 5 min
Nifty Futures 60 min
Nifty Futures EOD
Pivot
India VIX
Nifty Futures closed at 5093.80 up by 2.62% from previous close and closed above Pivot and averages showing bulls are back to work and may try to test resistance zone of 5145 and 5197 and if fails to continue upward journey it may again try to take support from 4990 and 4887.
India VIX is closed at 23.99 down -4.12%, Stochastic is holding Sell from overbought zone reached lower zone and may attempt buy after pending correction and now MACD is attempted Sell, now VIX is now protected by support at 200 DMA (23.71) 10 and 21 DMA (26.21) is nearest resistance if manages to reach here and holding this as support it may test 50 DMA (27.64) and on downside 200 DLEMA (23.14) and 200 DLMA (22.43) are support, braking this supports VIX becomes very bearish and may try to reach every and hold resistance.
About Nifty, on hourly chart KST Indicator again on Overbought Zone till fresh visible sell cross avoid shorts, if cross visible here close carried longs and wait for a small dip to enter again in longs day traders may try short with strict stop loss, on Daily chart KST Indicator is reaching overbought zone looks like bulls are in hurry and if it reached 0 line it may trade volatile for 1-2 days and may correct up to daily chart levels and again continue its upward journey... wait for a dip to enter in longs...
No comments:
Post a Comment