Page 12 - Technical View News Today

The India VIX, which measures the expected volatility for next 30-days in the Nifty50 jumped four-month high, making the trend uncomfortable for bulls

While 19,750, which coincides with 21-day EMA, is crucial for move towards 19,800-19,900, 19,600-19,500 will act as a support zone, experts said

The Option data indicated that on the higher side, the index may face a hurdle at 19,700-19,800 in the immediate term with support remaining at 19,600-19,500 levels

The Option data indicated that 19,600-19,500 is expected to be near term support for the Nifty50, and 19,800 may be hurdle on the higher side.

The Options data indicated that 19,500 is expected to be crucial support for the Nifty50 in coming days, while 19,800 could be hurdle on the higher side

The options data indicated that 19,800-20,000 can be the resistance area, while support may be at 19,500 mark

If the index fails to hold 19,900 in coming sessions, then the fall can be extended towards 20-day EMA, whereas the resistance remains at 20,000-20,200 levels, experts said.

The Option data indicated that 20,200 is expected to be an immediate resistance for the index, while 20,000-19,900 is likely to be support area

The above Option data suggested that 20,500 can be seen on the Nifty50, with support at 20,000 mark

The Option data suggested that 20,100 is expected to be crucial level for the market direction on either side of trade, with immediate support at 20,000-19,900 levels