Nifty and Bank Nifty futures September Overview – II

Nifty Weekly 5EMA  high low

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 and Bank Nifty September Futures overview – I

Bank Nifty Futures

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.

Increasing India VIX and Index Futures Positional Outlook

India Vix EOD

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 Future August Outlook

Nifty Pos

Nifty and Bank nifty is in sell mode for a very long time in the hourly intratrend charts. Currently the resistance zone is coming around 5846 and 10415 respsectively. Also the stochastic momentum indicates very extreme readings in nifty and likely a turnaround from the bottom lows.

Nifty and Bank Nifty August Futures Positional Charts

Bank Nifty Hourly

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 Futures and MCX Silver Positional Trend Update

Nifty Futures Intratrend

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.