INDIA VIX IN BEAR MARKET

As per our analysis INDIA VIX  has entered bear market, so looks like this up move of indian market will continue unless INDIA VIX GIVES weekly close above 31.27

Also as seen in chart there is bearish cross over of 50 and 200 EMA on daily chart of INDIA VIX which is known as DEATH CROSS.

CAUTION : - EVEN THOUGH TECHNICALLY OUR MARKET IS LOOKING BULLISH, THERE IS NO IMPROVEMENT IN FUNDAMENTALS. BUT AS PER SAYING FOLLOW TECHNICALS  (CHART) FUNDAMENTALS (NEWS) WILL FOLLOW. SO WE WILL FOLLOW TECHNICALS IF THERE IS NO IMPROVEMENT IN FUNDAMENTALS OUR CHARTS WILL INDICATE POSSIBILITY OF FALL.

  DISCLAIMER: This Blog is meant for sharing my trading ideas only and no calls to be taken as trading recommendation. Visitors please do your own research or consult your advisers for safe trading.