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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