Thursday, October 21

Nifty,Bank Nifty and Indian VIX Technical View

INDIAN VIX– Volatility Index
VIX Denotes the fear in the market ,fear of downfall. Nifty cracked from past 5 trading sessions after reaching atad below it life time high.
VIX is updated on WOD Basis @http://livevixchart.blogspot.com/
I have attached the Daily Charts of VIX chart.
As seen from the chart VIX is touching the upper trendline of channel 2@23.86 Levels and at lower level forming higher lows around 19. If VIX breaks 23.86 tommrow we are in for a more correction and if we are able to resist this channel and move towards to …
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