Volumes were higher in Nifty today with OI in Nifty futures hovering around 30 million with the spiked fall and subsequent rise [sharp spikes indeed on either side]. VIX was hovering around a shade below 25 and the last hour spike brought it marginally above 24; sectoral churns doing the needful but the key thing is dips are being bought into. With these volumes, and positive global cues, definitely more upside is possible [on the other hand, should there be negative cues, these volumes are good enough to trigger sharp corrections]
Critical levels and outlook remain unchanged.
Critical levels and outlook remain unchanged.
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