NIFTY and India VIX Analysis

• Nifty weekly line chart suggests next crucial resistance level between 5360 - 5380 on weekly closing basis.
• Third chart shows price closing above the golden ratio and looking good to move towards the next fibonacci level.
• For bulls price should sustain above Middle bollinger band 5197 and the support resistance zone 5180 - 5200 to target for higher targets.
• India VIX weekly line chart is nearing crucial support level which may be able to stop bulls from bigger targets. For now price action favors bulls so stay long.
• CRUDE OIL WEEKEND UPDATE