NIFTY closes at upper end of range.. depending on your bias, you will be bullish or look at this as an excellent shorting area as you are close to a stoploss.
Option writing is giving some clues here... good support at 6000 and resistance at 6500.
VIX increased by another 6% today (possible reversal). Now if you buy an option today and markets rally tomorrow (instead of reversing from here), there will be a huge drop in VIX and also option prices.
Intraday charts points to rangebound trading (5 min, futures)
15 min charts point to even more rangebound trading over past 3 days....
Option writing is giving some clues here... good support at 6000 and resistance at 6500.
VIX increased by another 6% today (possible reversal). Now if you buy an option today and markets rally tomorrow (instead of reversing from here), there will be a huge drop in VIX and also option prices.
Intraday charts points to rangebound trading (5 min, futures)
15 min charts point to even more rangebound trading over past 3 days....
