April 24, 2011

India - VIX Technical analysis

  • India VIX in daily time frame is near an important support and resistance line. One can expect a big move in nifty when VIX Breakout happens.
  • One more thing to note is that VIX has closed below its 50 day and 20 day moving averages. So if it sustains below these levels we can see Nifty continue its upward journey towards 6000 and above.

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