Nifty Futures Daily Charts
Nifty on the Daily Charts continues its negative sentiment however on the last friday session nifty failed to sustain below the recent 3 day low and that could bring short term bullishness in the market. Overall last week sellers confidence are not good so far.
Nifty Weekly Charts
Nifty weekly charts nifty survived without making not even 1% negative returns on weekly basis consecutively for the 27th week. Markets been highly compresed for the June month rotating in a tight range throughout the series. And on the monthly charts nifty made 6 months of consecutive higher-high formation without breaking previous month low.
Nifty OI Lookup
Nifty July series 9400PE series is holding with higher open interest which is so far a positive sentiment for the market in the very short term.
Expected Move for the current series
Intraday Volatility showed a little improvement last week as India VIX improved this week. India VIX is current at 11.73%. However overall markets are still showing lack of trendiness and highly compressed sideways behavior is expected to continue the same in very short term
