puribs

puribs

From daily char, it appears that if nifty50 breaks down from and go out of the marked yellow area then it can go down to the level of 23840 and further to 23350. On the otherside INDIAVIX is also rising. If it crosses 15.7500 then situation becomes more panicky. Let us hope for the best next week.

puribs

4 hourly chart indicates reversal in near future as the lower has not been broken down so far.