NIFTY : Witnessed one of its worst day tanking 1000+ points. IND VIX which is hovering a round 26 is also threating to give a breakout towards 30-36-not a good sign for trade as volatility and swing on both sides is expected to be wild.
NIFTY which is at 21800 will act as a critical support, close below 21800 likely to drag it towards 21500 whereas 21200 will act as the last major support .21200-21250 is likely to act as the last support zone.expect free fall if NIFT gives a close below 21200,i will dare to go long only if NIFTY manages to hold above 22000-22300 zone.(For educational purpose only)
NIFTY which is at 21800 will act as a critical support, close below 21800 likely to drag it towards 21500 whereas 21200 will act as the last major support .21200-21250 is likely to act as the last support zone.expect free fall if NIFT gives a close below 21200,i will dare to go long only if NIFTY manages to hold above 22000-22300 zone.(For educational purpose only)