Nifty Headed Towards 10550, India Vix Drops To 18




Outlook For 11th October 2018
Nifty Daily Chart Levels
In today’s session, buyers displayed immense confidence as the index scaled more than 160 points from the day’s low and registered a high of 10481 approx. India Vix dropped down to 18 as massive buying was witnessed in the 100500, 10600 and 10700 Call options today. Going forward, Nifty is likely to scale up to the 5 DEMA high (10550 approx). The index is poised in favor of the buyers and is likely to find support around the 5 DEMA (10370 approx). However, if Nifty slips below 10350, then the final zone of support will be 10300. On the other hand, if the index breaks and trades below the 50 DMA (10260 approx), it will scale down to the daily lower Bollinger band (10200 approx). 



Nifty Hourly Chart Levels
In the hourly session, Nifty closed around the 5 HEMA high(10460 approx). The index is likely to find support around the 20HMA (10350 approx). Nifty is likely to scale up to the 50 HMA (10520 approx) in the next couple of sessions. However, if Nifty trades below 10300 approx, it will slip down to the hourly lower-Bollinger band (10215 approx).


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India’s benchmark Nifty staged a remarkable recovery today as the index scaled 160 points from the day’s low and made a high of 10480. Buyers displayed immense confidence as Nifty sustained above the delta neutral zone of 10260 and pushed India Vix down to 18 at the close. Call options buyers clocked massive gains intraday. The 10500, 10600 and 10700 strike Call option buyers bagged 80%, 100%, and 112% profits in today’s session. Going forward, Nifty is likely to head towards 10570 if it does not breach the crucial support of 10300 and India Vix continues to drop below 18. 

Stocks Under The Scanner
In today’s trade Bajaj Finserv shares rose 10.15%, while Bajaj Finance shares rose 9.52%. Infratel shares dropped 2.93% in the course of the day’s trade.



Outlook For 11th October 2018
Nifty Daily Chart Levels
In today’s session, buyers displayed immense confidence as the index scaled more than 160 points from the day’s low and registered a high of 10481 approx. India Vix dropped down to 18 as massive buying was witnessed in the 100500, 10600 and 10700 Call options today. Going forward, Nifty is likely to scale up to the 5 DEMA high (10550 approx). The index is poised in favor of the buyers and is likely to find support around the 5 DEMA (10370 approx). However, if Nifty slips below 10350, then the final zone of support will be 10300. On the other hand, if the index breaks and trades below the 50 DMA (10260 approx), it will scale down to the daily lower Bollinger band (10200 approx). 



Nifty Hourly Chart Levels
In the hourly session, Nifty closed around the 5 HEMA high(10460 approx). The index is likely to find support around the 20HMA (10350 approx). Nifty is likely to scale up to the 50 HMA (10520 approx) in the next couple of sessions. However, if Nifty trades below 10300 approx, it will slip down to the hourly lower-Bollinger band (10215 approx).


 
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