On EOD charts, trend is up with support at 7450.
There was a 5% drop in VIX meaning that fear factor of this correction has come down.
Intraday charts:
On hourly charts, trend has turned down and will reverse to bullish on close above 7800... expect resistance at 7650-7670 levels.
On 5 min charts, markets traded rangebound between the high-low formed in the first hour of the day. Levels to watch tomorrow are 7550 support and 7650 resistance.
There was a 5% drop in VIX meaning that fear factor of this correction has come down.
Intraday charts:
On hourly charts, trend has turned down and will reverse to bullish on close above 7800... expect resistance at 7650-7670 levels.
On 5 min charts, markets traded rangebound between the high-low formed in the first hour of the day. Levels to watch tomorrow are 7550 support and 7650 resistance.
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