After gap down opening, NIFTY made a failed attempt to recover and went further down after 3hrs into trading.
The fall was prevented by existing support zone. Being area of confluence, the immense selling pressure was thwarted and NIFTY held 15700 levels.
Immediate support zone: 15700-15660
Immediate resistance zone: 15825-15850
While FII sold -2198.71, DII bought +1047.66 leaving markets with net -1151.05. All values in Crores. India VIX rose by 8.3% expressing increasing fear. However, VIX levels under 15 shows it would take much more efforts from bears before index takes another plunge.
The fall was prevented by existing support zone. Being area of confluence, the immense selling pressure was thwarted and NIFTY held 15700 levels.
Immediate support zone: 15700-15660
Immediate resistance zone: 15825-15850
While FII sold -2198.71, DII bought +1047.66 leaving markets with net -1151.05. All values in Crores. India VIX rose by 8.3% expressing increasing fear. However, VIX levels under 15 shows it would take much more efforts from bears before index takes another plunge.