Nifty and Bank Nifty futures hourly charts are maintaining the buy mode. Currently the supports zone comes around 5799 and 10000 respectively. Reverse to positional shortly only if the support zone breaks on hourly charts.
Nifty September futures is in positional buy mode last thursday and currently the support zone comes near 5290. Bank nifty futures turned to positional buy mode last friday and currently the support zone comes near 8695 respectively. Reverse your position to sell mode if the support zone breaks on the hourly basis.
Nifty september futures turned to positional buy mode and currently the support zone come near 5264 zone. Reverse your position to positional shortly if the support zone breaks on the hourly charts. On Contrast Bank Nifty still on the positional sell mode and trading very close to the resistance zone 9039.
India VIX is currently at a 52 week high. Generally a market with selling pressure exhibits increased volatility. The daily India VIX chart show the steep increase in the volatilty due to the recent sell off and the panic in the Indian market. The daily VIX closed at 27.23, while previous close was 25.59, a change of 6.41% Higher than previous close.
Nifty and Bank Nifty August Future hourly Charts are shown. The Positional Trend in both nifty and bank nifty future is currently in down trend and there is a strong divergence in nifty and bank nifty since June 26th which indicates that nifty is unlikely to make new high unless banknifty(supportive index) turns to move in-line with nifty.
Nifty June Futures is in positional sell mode since 20th June with trailing resistance comes near 5773 on the hourly charts and similarly MCX Silver august futures turns to positional sell mode on last thursday ( 20th June,2013 ) and currenly the resistance zone comes near Rs42000 /Kg Respectively. Reverse your position to Positional longs only if the support breaks on hourly charts.