DOB: market data update

By a staff reporter: 

Therefore, immediate hurdles 17333/444. But as long as Nifty holds below capped area 17500/600 – Bearish for the market though main capped area is 17777/800. Meaningful upside rally only possible above that. Good demand zone for Nifty is near 17100-17000 zone. Should hold & then bouncing possible otherwise further weakness.

Weekly Range 17500 to 16800. Trending move beyond this swing range.

India VIX weekly basis slipped from 23.82 to 18.45. Closing basis down -2.35 points.

R -19.40/21.40, S -16.60/14.60.

Source : Eureka

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