F&O: Bulls stage a comeback; Nifty now has to hold 13,500
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F&O: Bulls stage a comeback; Nifty now has to hold 13,500By Chandan Taparia, ET CONTRIBUTORS
Last Updated: Dec 23, 2020, 05:03 PM IST
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Synopsis
Nifty has to hold above the 13,500 level to witness a bullish bias and move towards its lifetime high in the 13,750-13,777 zone, while on the downside, major support exists at 13,333 and 13,131 levels.
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India VIX fell 6.76 per cent from 21.98 to 20.49 levels. A cooldown in volatility from higher levels has given support for a decent bounceback. Now, it has to hold below 19 level to help the bulls continue their grip on the market.