Join Us at Premier Inn, Bangalore on 14th and 15th Feb 2014 to qualitatively spend the entire day enhancing your trading skills and exploring the full potential of Amibroker Trading Strategies. Gear up for the thought provoking interactions, basic and advanced trading excercises and powerful Q&A sessions.
We know that VIX most of the time reflects the investor/traders sentiment. When VIX is higher it means lot of fear in the market and lower VIX indicates lack of fear in the market. The problem is the sentiment can be measured only Indices like Nifty as the Volatility Index VIX is derived from implied volatility of Options. In such a vase VIX FIX comes handy to replicate the VIX behaviour in other instruments like Commodities, Forex, Stocks.
Whenever we are coming up with a Trading solution for retail traders we make sure that the solution is interesting , meaningful and interactive as much as possible. And this time we want to do one step better in providing interactive charting functionality to our beloved readers to use the edge in the market at the fullest extent.
As analysed and shared in previous weekly report the short term trend for market is down and its been a sell on rally since it broke the levels of 8550. This past week nifty future faced extreme selling pressure and closed the week at 8276.90 after making low 8266 just around the closing point of the week. This indicates further bearishness in the markets.
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Nifty future made low 8540 and closed the week at 8582.55 Till if remains below 8630 the short term trend will remain down. The next support for the market is at 8530 below which expect correction up to 8420. The weekly trend for nifty turned negative. The momentum indicator RSI has also turned downwards direction.