Trade Setup: Nifty has significant support at 14,299; use up moves to protect profits
SECTIONS
Share
Synopsis
Friday s session is likely to have a stable start to the day. The levels of 14,650 and 14,700 will act as resistance points, while support will come in at 14,500 and 14,415 levels.
Getty Images
India VIX is moving back and forth every day given the wider than usual trading range. Overall, the fear gauge is trading much around its lower range. This shows that the overall volatility is at its lower range over the past couple of months.
Related
Opening after a gap of one day, the domestic equity market continued to underperform its global peers and failed to capitalize on the relatively better and buoyant setup as it managed to end the day with a modest gain on Thursday.
Monday s session is likely to have a stable start to the day. The levels of 14,900 and 14,935 will act as resistance points, while support will come in at 14,780 and 14,700 levels.
India VIX moved up 4.61% from 20.74 to 21.70 level. A cool down in VIX below the 21-20 zone is required for the bullish grip to continue and smoothen the market move.
Monday s session may have a modestly positive start to the day. The levels of 15,000 and 15,115 may act as resistance points, while support will come in at 14,900 and 14,860 levels.