INDIA VIX - WEEKLY CHART
- Nifty daily is giving an oversold bounce which may gains strength on closing above 20 day and 10 Day EMA. Daily stochastic is reaching oversold levels which may also given an up move if it starts to move up. Daily MACD remains in a sell signal. Weekly stochastic has given a sell signal But indicator is still above the overbought line which needs to come down for a possible fall in nifty.
- VIX has given a breakout but its missing upward momentum. If it falls back into the pattern it will help nifty bulls for a larger pullback.
- US DOLLAR NEAR SUPPORT LEVELS
Dear San,
ReplyDeleteThanks for very interesting chart illustration.Nifty in "Sholay" mode.Adhe Idhar Jao,Adhe Udhar Jao Aur Baki Mere Piche Aao :)(
@mynac
ReplyDeleteSeeing you after long time. Hope your'e doing well.
Sear San,
ReplyDeleteVery true.Due to regular routine work cannot participate as earlier,but used to remain silent observer/reader always..:) whenever time permits.
Regarding market:As NF O.I. is above 2.5 Cr.,and Nifty has come down from 5600,but the O.I. not reducing proportionately when Nifty has given sell signal in Weekly chart,so later sooner when this upmove/pull back enthusiasm will be over then it has to go with that direction,as it has no alternative is my understanding.So waiting for Nifty to get tire..Observing 5200 PE abnormal addition/activity,which was almost 10 lac.yesterday..let us see. Bye...
THANKYOU FOR THE vix CHARTS
ReplyDeleteWell is 5200 Put addition because of the anticipated Election results on March 6? People who are long will be buying PUTS to take care of any surprises (read hung assembly/cong. losing) in assembly election results
ReplyDelete