Home / Markets / Market Technicals / Weekly Technical / VIX shows no downside risk for Nifty in short-term: Nilesh Jain

VIX shows no downside risk for Nifty in short-term: Nilesh Jain

The momentum indicators and oscillators on the weekly scales are still in 'buy' mode

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2 min read Last Updated : Aug 14 2020 | 8:18 AM IST

BUY NIFTY | TARGET: 11,400 | STOP LOSS: 11,200

The Nifty index is consolidating from the past couple of sessions and also trading with a positive bias. Although, it has an immediate hurdle of its previous swing high which is placed at 11,373 and if Nifty breaks the same, then, we can expect the positive momentum to continue towards 11,400-11450 levels. The momentum indicators and oscillators on the weekly scales are still in 'buy' mode which hints at some buying at lower levels. The volatility index is currently near 20.5 levels which hints of no major downside movement in the short

Topics : Markets Market technicals Anand Rathi Indian markets MRF Godrej Consumer Products Bharti infratel Nifty Outlook

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