Above chart shows Nifty is heading towards overbought zone, Next strong resistance may appear at around 5350 or 5260 and support is 5091. If tomorrow Nifty closes above 5258. Then most probably Nifty will hit 5350 in this week. Then strong support of nifty will be 5250.
FII's activity shows that they are interested in more buying than shorting or selling.
Option Charts shows Indian traders are also bullish because of they are writing more put options than call options.
Indian VIX chart shows VIX is breaking its all support in this recent rally. Resistance may appear at 24.16. Its 70 ema also fails to sustain above 1030 ema indicates long term bullishness of Indian market.
At this stage of Nifty, the status of Nifty-50 stocks are given above. where you can decide about your investment purpose.
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