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BY A STAFF REPORTER:
Nifty Spot Swing basis initial trading range mainly inbetween 15930
On the upside :- Intraday basis Bulls need to move above 15820 for a move towards 15860—15890 & 15927. Only above 15930 swing basis extended resistances are 15960 to 16020. Bulls main aim to test 16200 but Bulls should cautious at higher ends as long as stays below 15930 mark.
On the down side :- Intraday basis Bears will get active below 15760 for a move towards 15730—15690 & major 15650. As long as holds 15600 Bulls are safe & this is the very short term basis buying opportunity on dips but if breaches decisively 15600 as a swing then extended supports are
15550-15470. Otherwise bears main aim to test 15200.
India VIX closed at 21.84, almost flat closing but still in uncomfortable zone for bulls.
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Source : Eureka
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