Nifty Closes Below 200 SMA As India Vix Hits 19.67




The Outlook for 5th October 2018
Nifty Daily Chart Levels
In today’s session, Nifty closed around 10599 approx. The index opened 118 points gap down and witnessed massive selling pressure around the 200 DMA ( 10750approx) as India Vix rose sharply to 19.67 approx. Going forward, Nifty is likely to face stiff resistance around the daily lower-Bollinger band (10700 approx). If the index trades above 10720, it might scale up to the 200 DMA (10750 approx). On the other hand, if Nifty trades below, 10530 approx, it will slip down to the weekly lower-Bollinger band (10390 approx).

Nifty Hourly Chart Levels
In the hourly session, Nifty closed around 10599approx. The index is likely to find stiff resistance around the 5HEMA high(10670approx). If Nifty trades above the 10 HMA (10700approx), it can scale up to the 15 HMA (10755approx). However, if Nifty trades below the hourly lower-Bollinger band (10500 approx), it will slip down to 10390 approx.





Nifty Large & Mid Cap Stocks




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India’s benchmark Nifty plunged 200 points intraday due to an exponential rise in India Vix which hit 19.57 at 3:30 in the afternoon. The sharp rise in Vix triggered a selloff in Nifty after it opened gap down at 10740 approx in the morning. The index witnessed massive selling pressure around the 200 DMA (10750 approx) and went on to make a low of 10548. Nifty closed below the daily lower- Bollinger band (10599 approx) and is likely to face stiff resistance around 10700 approx.

Stocks Under The Scanner
In today’s trade ICICI Bank shares rose 4.05%, while Bharti Infratel shares rose 2.54%. HindPetro shares dropped  22.44% in the course of the day’s trade.



The Outlook for 5th October 2018
Nifty Daily Chart Levels
In today’s session, Nifty closed around 10599 approx. The index opened 118 points gap down and witnessed massive selling pressure around the 200 DMA ( 10750approx) as India Vix rose sharply to 19.67 approx. Going forward, Nifty is likely to face stiff resistance around the daily lower-Bollinger band (10700 approx). If the index trades above 10720, it might scale up to the 200 DMA (10750 approx). On the other hand, if Nifty trades below, 10530 approx, it will slip down to the weekly lower-Bollinger band (10390 approx).

Nifty Hourly Chart Levels
In the hourly session, Nifty closed around 10599approx. The index is likely to find stiff resistance around the 5HEMA high(10670approx). If Nifty trades above the 10 HMA (10700approx), it can scale up to the 15 HMA (10755approx). However, if Nifty trades below the hourly lower-Bollinger band (10500 approx), it will slip down to 10390 approx.





Nifty Large & Mid Cap Stocks




 
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