Nifty on the hourly charts turned to positional buy mode yesterday with a whooping 2.98% and currently the support zone comes around 6684. And Banknifty which is currently outperforming nifty grabbed a intraday gain of 5.46% still maintaining the positional buy mode since 24th April with support coming around 13159. Reverse your position if the support breaks on the hourly charts.
India VIX(37.07) gained around 10% and the index is very close to the 52 week high and test a new 52 week high of 38.90 on intraday basis. On the hourly charts it maintains the positional buy mode for a very long time since 7th March and the support comes around 31.01 ,only a close below on hourly charts will make India VIX to turn to negative more on short term.
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