December 21, 2011

NIFTY and India Vix Analysis

  • Price and RSI is showing positive divergence. We may get a bounce because of Global Markets. But a sustained rally might come only if price is able to stay above the broken support levels and moving averages.
  • India VIX is showing overbought levels which may also help bulls for getting a bounce. A rally or a bottom formation can be confirmed only based on closing prices.
  • S&P 500 ANALYSIS EOD ANALYSIS

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