Hi
Have drawn lines for the range of Nifty as per Vix
Monthly Range
18169 (Probable High) - 16793 (Monthly Close) - 15418 (Probable Low) - this remains constant for the entire month...untill its broken..then next range will be posted.
Previous Weekly Range
17275 (Probable High) - 16658 (Weekly Close) - 16041 (Probable Low)
Last week High Made - 16815
Last week Low Made - 16133
Current Week
16874 (Probable High) - 16245 (weekly Close) - 15616 (Probable Low)
Probablities :
Expecting market to touch last weeks....probable low (16041) this week...and then rise to 16245 and above that 16658 and above that it might stop near...16793 - monthly close.
If emotions are running high, then high probablity it may touch 16874 also.
Lets see how this unfolds in coming days
Have drawn lines for the range of Nifty as per Vix
Monthly Range
18169 (Probable High) - 16793 (Monthly Close) - 15418 (Probable Low) - this remains constant for the entire month...untill its broken..then next range will be posted.
Previous Weekly Range
17275 (Probable High) - 16658 (Weekly Close) - 16041 (Probable Low)
Last week High Made - 16815
Last week Low Made - 16133
Current Week
16874 (Probable High) - 16245 (weekly Close) - 15616 (Probable Low)
Probablities :
Expecting market to touch last weeks....probable low (16041) this week...and then rise to 16245 and above that 16658 and above that it might stop near...16793 - monthly close.
If emotions are running high, then high probablity it may touch 16874 also.
Lets see how this unfolds in coming days
Comment:
Low made 15711...so lower end of vix
Comment:
Low made till now 15671....another 55 points to go...