In the daily chart, Nifty 50 analysis as I have communicated earlier, with the breaking of the parallel channel along with the S1 nifty will go sideways. This move will increase the volatility with a degree up as long as nifty stays in the Diagonal Support Range(DSR 1).
I have closely followed the INDIA-VIX along with the Nifty index and Bank nifty. Which shows there is an averagely higher VIX in the Top flat Channel (TFC) and this is dangerous even in this sideways market. Now breaking of the TFC in the coming days downward direction is inevitable which may take the index to S2 and further S3 along with higher VIX. So trade safely. There may be a spiral breakdown that may happen sooner or later with a higher degree of volatility.
I have closely followed the INDIA-VIX along with the Nifty index and Bank nifty. Which shows there is an averagely higher VIX in the Top flat Channel (TFC) and this is dangerous even in this sideways market. Now breaking of the TFC in the coming days downward direction is inevitable which may take the index to S2 and further S3 along with higher VIX. So trade safely. There may be a spiral breakdown that may happen sooner or later with a higher degree of volatility.
