Nifty futures holding its buy mode for the last 4 trading session with quick flip support coming around 10803-10814 band. The trading focus is positioned on the bullish side with possible expectation around 10880 levels and 10930 levels.
Nifty Futures – Market Profile Analysis – 5th Mar 2018
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.
Nifty Futures and Bank Nifty Futures September Expiry Overview
Nifty futures reverse from its low of 7952.5 after US Federal Reserve at the end of a two-day policy meeting on last Wednesday, 17th Sep 2014, maintained a commitment to keep US interest rates near zero for a considerable time.
Will the Volatility in the Market Increase?
Indiavix on the hourly spot charts is in positional Buy mode with supports coming around 15.22. Reverse your position to positional sell mode if the support breaks on the hourly charts. Probably the short term volatility could remain upside.
Nifty and Banknifty Hourly Charts and Open Interest Lookup
Nifty and Banknifty is in positional buy mode since 22nd April and currently the support zone comes around 6736 and 12820 respectively. Reverse your position to positional shorts if the support zone breaks on the hourly charts.