Nifty still holds the Positional Buy mode with the support coming around 7824. However Bank Nifty in the second session of of tuesday’s trading turned to positional sell mode and the resistance zone coming close to 15969. Reverse your position if the supports/resistance breaks on the hourly charts.
India VIX Hourly Charts
India VIX maintains the prolong sell mode and staying below the sub 14 level. Currently the resistance zone comes near 15.744 reverse your position to positional buy mode if it breaks on the hourly charts.
Long Term Overview
Nifty Weekly Charts with 5EMA High Low Strategy shows on long term nifty still maintains the positional buy mode and the first level of support zone comes around 7871(5EMA High) on weekly basis. Breaking and close below 7871 on weekly charts could be the warning for end of long term bulls.