Correlation between NIFTY and VIX index for various durations

 

Source :- http://tejas-iimb.org/articles/22.php

Posted via email from Trading Odyssey's posterous

Weekly Analysis of Stocks as on 30th July 2010

NIFTY and VIX Weekly Analysis as on 30th July 2010

Interpreting Stocks : 30th July 2010

NIFTY EOD Analysis as on 30th July 2010

Red Candle showing selling pressure. Today, it broke the support line and closed below it. The Close was also below EMA13. Negative bias now in days to come.

EMA3 is below EMA13 (-).
Slope of EMA 13 is flat(~).  EMA 13 is at 5390 level.
EMA13

Answers for Yesterday
Today's Bearish Signals:
1) EMA 3-13 crossdown.
2) Close below support zone.
3) Price making lower low and lower high.
4) Stochastic -ve divergence
5) MACD -ve divergence.

NIFTY closed below the support line today. Also, EMA 3-13 crossdown happened. These things convey that we are going to see bearish bias in coming session.

Questions
What is going to happen next? Let's wait and watch.

Interpreting Stocks : 29th July 2010

NIFTY EOD Analysis as on 29th July 2010

 Green candle with higher volumes than yesterday at the support level showing demand coming in. Will NIFTY pullback from here? Let's see.

EMA3 is above EMA13 (+).
Slope of EMA 13 is up.(+)  EMA 13 is at 5394 level.
EMA13>EMA39.(+)

Answers for Yesterday
Today's Bearish Signals:
1) Price making lower low and lower high.
2) Stochastic -ve divergence
3) MACD -ve divergence.

NIFTY jumped up a bit today from the support line. Demand comes in at the suppot line. I think we are going to see some sideways movement in next few sessions.

Questions
What is going to happen next? Let's wait and watch.