Nifty Futures 5 min
Nifty Futures 60 min
Nifty Futures EOD
Pivot
India VIX
Nifty Futures closed at 4769 below pivot and averages indicating bears got control on market and now bears looking strong on market if opened below pivot nifty may face selling again and may test Support at 4715 and 4662 and above Pivot it may try to reach resistance of 4868 and 4968 and now up side looking limited as global cues are not supportive.
India VIX is closed with small loss of -0.88% at 29.27 looks manageable for bears, Stochastic and MACD are indicating rise on India VIX and India VIX is protected by support at 50 DMA and 100 DMA and 21 DMA is nearest support. looks like India VIX is protected by multiple supports and fall is limited on India VIX and Nifty may trade volatile till India VIX holds 200 DMA as Supports.
on Nifty Charts, hourly chart is holding sell from over bought zone and need to wait for fresh buying indication for safe trade and may use this buy cross to close carried shorts, till visible buy cross carried shorts are safe and don't try new shorts without strict stop loss now. on daily chart KST Indicator attempted sell at oversold zone it showing weakness of bulls now and we may need to wait for fresh buying, till fresh buy cross here use all bounce for shorting, and Nifty now looks as sell on rise...
Dear Ram,
ReplyDeleteObserving VIX chart, some points are coming into my mind..
1. 50 Day and 21 Day MA are poised to give a fast fall setup.
2. There is a Diamond pattern into formation...so that may drag VIX down to 200 Day MA. Both these cases are favouring bulls.