Nifty Spot *On the Upside

BY A STAFF REPORTER

 Intraday basis Positive above 16621 for Resistances 16666 - 16686-715.

More above 16715 then swing based positional hurdles are 16745 and 16791. Very difficult barrier 16830—16850. But nervousness and volatility are expected to continue, unless the Nifty closes above 16900 = 200 DMA to 17000 range, which can be trend reversal in the favour of the bulls.

*On the down side* :- Intraday basis Bears will get active below 16596 for a move towards initially 16555 & then 16512—16491—16477 & major 16444.

Today weekly Expiry, so expected maximum Upper edge of Expiry 16850 & Lower edge of Expiry 16350.

*India VIX* was up by 2.32 percent to close at 29.23 levels. Day’s high was 30.84.

Source : Eureka

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Source : Eureka

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