Pitch Resistance levels are quite high from the last closing point.
Increased Volatility shows a higher survival rate for bulls.
Sudden Rise of Volume is also a major impact on the market.
Cash Flow Rate is increased because of FII's.
NIFTY will move Upwards the Month.
When the Time Decays the Volume and Volatility increases, this results in a Boom Up of Price Action.
This Time NIFTY Could make a record high. The Level is 16000 this June NSE:NIFTY.
Keep Your Eyes on the level. NEWS Could Play a Role.
But Wait, don't make any decision blindfolded. If you have seen my Previous Post about NIFTY you can Dump your cash!!
Check the Post below.
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If Vix is on the lowest level, why do you think Volatility will be high?
Young-Money
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@pravinpkumar, VIX is just a tool to measure volatility, it is just an indicator but we term it as an index. I suggest that VIX is a Trend Following Indicator. There are other reasons on the increased volatility, increased gap up openings, and Fibonacci Spirals and Circles indicates a buying pressure. These are all the Reasons which i suggest that NIFTY could tank up this time.