Nifty Futures September expiry kick-started with high volatility. Short term quick flip signals turned positive with immediate supports coming around 11655 levels. Price holding above 11715 levels will bring renewed buying pressure. Price holding above 11715 levels has to be watched on the closing basis
Two more days left for September expiry and volatility started crashing as India VIX is down 3% for the day. On the monthly scale nifty futures is down by -0.6%. Indicator Sentiment continues to be negative for the 6th consecutive trading session. And Profile sentiment continues its bearishness for the 4th consecutive session. Despite all the weakness from indicator and profile based sentiment still market internals remains bullish.