Nifty Futures 5 min
Nifty Futures 60 min
Nifty Futures EOD
Pivot
India VIX
Nifty Futures closed at 4836.75 above Pivot and averages indicating bears loosing control on market and now bears looking little weak on market if opened above pivot nifty may try to test resistance of 4873 and 4911 and if fails to hold pivot and trades below pivot may test Support at 4765 and 4694 as said in last post global are not supporting up moves and getting hammered from every high and in last few min bulls too got some food.
India VIX is closed with loss of -3.96% at 28.11 looking good for bulls on Nifty and 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 looks like fall is limited on India VIX and it is unbearable for Nifty.
on Nifty Charts, hourly chart is holding buy from over bought zone and need to wait for fresh short for safe trade and may use this buy cross to for intra longs with Strict Stop loss if nifty supports gain, till visible sell cross and don't try new shorts without strict stop loss now. on daily chart KST Indicator attempted sell at oversold zone and again looking for buy showing weakness of bears and now and we may need to wait for fresh buying, till fresh buy cross here use all bounce for shorting... Nifty may trade volatile as KST Indicator is attempting buy near 0 line
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