31ST JAN WAS THE DAY WHEN 1ST CORONA CASE WAS REPORTED IN KERELA AND VIX WAS AROUND 17.4 FROM THERE WE SEE THE RISE UPTO 84 AND REVERSE IT IS ABOUT O ENTER IN PRE CORONA LEVELS TO THOSE WHO TRADED IN LAST 4-5 MONTHS BE CAUTIOUS THAT VOLATILITY WILL OBSERVE CRUNCH NO MORE DAILY 1-2 % SWING BOTH SIDE ON NITFY AND BANK NIFTY PLUS MANY STOCKS WILL END UP IN RANGE...
Kumbhakaran has been on snooze mode for the last 4 months. Its back to a monthly/weekly support. Only a break and sustains below 16 will slumber mode continue. Alarm bells will start ringing at 21, above 24 will be fully awake!
trade in channel lower end 830 upper end 940 so once upper range break above 940 we see a rally till 1000 /1030 in coming days ..
Cmp:-498 Support:-410 Resistance:-560,580,670,700 Buy on every dips
Explained in the chart.
Stock is trading at major support line as per daily timeframe. Triangle pattern has formed in 1 hour timeframe. Long above 364 and Short below 355. Fundamentals as per Q1 results are positive. Volume is decreasing as price decreases, it suggest that sellers are weak.
Comparison between Nifty 50, Nifty Mid Cap 50, Nifty Small Cap 50, Nifty 500, Bank Nifty after it made a bottom on 24th March as we can see Small Cap clearly outperforming Benchmark Index and Bank Nifty underperforming the overall broader market.