Nifty Daily Chart is showing bullish strength above 5108.
Nifty Weekly Chart shows that Nifty basically in bullish zone but market needs more strength for medium term bullishness. Nifty has to cross 5399 for upward breakout.
Nifty Put Call Charts shows traders are bullish on Nifty because of Put Writings at different strike price of PE but Nifty may face resistance around 5200.
Indian VIX Daily Chart shows VIX has broken down the level 26.4. That means Market may move further upward in recent market scenario.
But VIX weekly charts shows we need to wait more until and unless Weekly breaks below 20.64.
FIIs are now started buying more than selling for last few days.
Investors may enter into the market for medium term investment, If tomorrow Nifty closes above 5110.
Market Breadth Charts are showing that trader are still cautious about the market. Therefore market is in range bound despite of being bullish in nature.Best of luck.
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