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Will the Volatility in the Market Increase?

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Nifty hourly charts
Nifty Spot

Nifty and Bank nifty on the hourly spot charts is in positional Buy mode with supports coming around 7499.8 and 15168 respectively. Reverse your position to positional sell mode if the support breaks on the hourly charts.

Bank Nifty hourly charts
Bank Nifty

India VIX hourly Charts

Indiavix on the hourly spot charts is in positional Buy mode with supports coming around 15.22. Reverse your position to positional sell mode if the support breaks on the hourly charts. Probably the short term volatility could remain upside.

India VIX

Nifty Options – Open Interest

after 7500CE writers unwinding their position there is not major put writing or call writing visible so far across the strike prices.

Open Interest

Related Readings and Observations

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