With India vix at lower levels where it took support and bounced multiple times to levels of 15 to 16. Cautious going long on both indexes from current levels and PCR levels are also 1.4 usaual profit booking happens around 1.5 to 1.6 levels who ever are in long that will bring fall in indexes.
This is only my view trade accordingly with price action and levels .
This is only my view trade accordingly with price action and levels .
Comment:
Both Indexes banknifty and nifty fell to 3 percent from the day i posted above idea India vix in now almost 14.
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India vix almost 15 now before SVB fiasco i prdicted the fall market was over bought vix levels are too low.
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India vix is now 16 done as per idea
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India Vix indicating another fall expecting soon, 17100 to 17300 in nifty and 40200 to 40500 area in bank nifty carefull on these areas if you are in longs.
India Vix indicating another fall expecting soon, 17100 to 17300 in nifty and 40200 to 40500 area in bank nifty carefull on these areas if you are in longs.
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Update on india vix same support level it is ready go up again trapping bulls
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Comment:
India vix at 11 area keep on eye on it any reversal pattern to upside check both indexes also for negative price action.
Comment:
Comment:
india vix up by 7 percent nifty fell more than 1 percent bank nifty to follow now .