Nifty Futures is currently balancing on Monthly, Weekly and Daily timeframe however this balancing could not be continued for a very longer period. Indian markets are showing relatively calm volatility compared to the global markets. Volatility had shooted up massively in global markets in the last three trading session.
On monday international crude breaks more than 5% and settled around $50 level which is the lowest settlement since April 2009. Crude tumbled heavily after data showed Russian oil output at post-Soviet era highs averaging 10.58 million barrels per day and Iraq plans to expand crude exports to 3.3 million barrels a day this month.