indiamarketoutlook
Short

Nifty: Double top @ 9367

NSE:NIFTY   Nifty 50 Index
139 2 4
Nifty             CMP 9356

Keep a small stop of 15 points...

Take care and safe trading...!!!
Trade active: Nifty makes a new low for the day in Spot in closing seconds.
Low made 9322.65
Comment: Note:-
Avg closing price for the day might come higher as it will take in to account Weighted Avg traded price in last half an hour.

Take care & Happy trading...!!!
Trade active: Nifty
Made a low of 9300
CMP 9305

Booked 50% profit and revised SL to cost for balance

Take care and happy trading...!!!
Trade active: Just came back after watching Bahubali 2 and movie is worth the wait. As far as market it is almost at same levels... Didn't miss much I guess...☺
Good analysis, 9367 is a very important level for nifty to confirm further rally. Above 9367 again fresh longs will be initiated and can reach 9600 levels. But safe in shorting nifty only below 9270.
Reply
@asnv.santosh, Thanks... Yes Markets seems to be in a zone where there hardly seems to be any resistance and that's probably because Volatility index is at 11.07.
which is lower than the usual lower limit for the Volatility index.

Usually it ranges between 12.5 - 20 with occasional spikes to 25 and above at least once a year on the upside and occasional dips towards 11
Volatility has inverse co-relation with Nifty and when Volatility is down Markets tend to move higher and vice-versa.

We need uptick movement in Volatility index to short Nifty with confidence...Watch out for volatility index...!!!
Reply
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