As expected it has declined to 50 from its highs. It has very strong support between 47-50. Sustaining below these levels could take it all the way back to 30-20, which in turn would be good for equities as a falling vix gets stability which leads to a calm recovery in terms of both PRICE & TIME, so what is being perceived a quick bear rally could turn out to be a...
Triangle pattern breakout with high volume during breakout.
It has activated an Ichimoku C Clamp in higher time frame and hourly is indicating a possibility of a fresh breakout. It could retrace till 15500 provided it does not go below 13250
It has reversed from a Bearish Harmonic Deep Crab which also coincides with a Weekly Ichimoku resistance. It could retest 540/515 if it fails to sustain above 580
2000 BEAR MARKET Can you spot the rhythm in the declines here
Nifty is trading in the wide sideways zone of 8650-9500. I will go with OTM option writing.
Take trade if script broke below the bearish flag channel Targets given on chart
Nifty is in upward channel. We might see an uptrend.