ARK TECHNICAL RESEARCH

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ INDIA VIX >>>> Last week index had made same open & high of 33.21 since then we saw supply in index but index has not able to breaks it previous week low of 26.3350 which is supports for coming week. Index has selling pressure near 33-40 level which is suggesting us any breakdown below 26 level we could seeing more selling pressure till 25-23 level. RSI also slopping downward and ADX also slopping downward which suggesting us downside is due. INDIA VIX WEEKLY NIFTY 50 >>>> Last week we had saw huge demand in index after taken support around 9000 level. As we had  mentioned in our previous report index is trying to make bottom, same has happened and index has made first bullish weekly close after 3 weeks selling, which is suggesting us index is heading towards 10000 level in coming period. We are seeing open position at 9800...

INDIA VIX>>>> As per weekly chart index had opened gap down below its major support level of 30 and then we saw huge upside till 41 level and also broken previous high but not able to sustained above this level and at end of week ended at 32.3775.there is no upside demand seeing in index for coming week. In coming week we will be seeing index in sideways to downside move till 27-25 level. The momentum indicators also not supporting index to go upside. Even On daily chart index is trading in downside channel with making lower top lower bottom pattern formation. which is suggesting us downside is due. INDIA VIX WEEKLY CHART INDIA VIX DAILY CHART NIFTY 50 >>>> Last 4 weeks index is trading with lower top lower bottom formation . last week index has given close 9039 after our lower side target 8900 achieved. Last week index ended negatively but it has made a hammer pattern which suggesting us index is trying to make bottom. Index h...

INDIA VIX>>>> LAST WEEK WE HAVE BEEN SEEN SIDEWAYS MOVE IN INDEX. INDEX IS STILL TAKING SUPPORT AROUND AT 31-33 LEVEL. LAST WEEK INDEX HAS MADE DOJI CANDLE WHICH IS  SUGGESTING US THE INDEX TRYING TO MOVE UPSIDE. ANY  SUSTAINABLE CLOSE ABOVE 40 LEVEL , THERE IS POSSIBILITIES TO INDEX WILL BOUNCE TILL 45-48 LEVEL. TILL THE TIME INDEX WILL BE CONTINUING ITS SIDEWAYS   RALLY. MOMENTUM INDICATORS ALSO TRYING SUPPORT TO INDEX FOR UPSIDE RALLY. INDIA VIX WEEKLY NIFTY 50 SPOT>>>> AS WE SAW INDEX HAS BROKEN WEAK SUPPORT OF 9200 AND GIVEN CLOSE OF 9136.85, LAST TWO WEEK INDEX HAS MADE LOWER LOW PATTERN AND CURRENTLY INDEX HAS RETRACING AROUND 38% OF PREVIOUS BULLISH RALLY. CURRENT WEEK INDEX HAS BROKEN PREVIOUS WEEK HIGH BUT NOT SUSTAIN THEN WE HAVE SEEN SELLING PRESSURE ,AS USUAL WE HAD MENTIONED IN OUR LAST WEEK TOO. COMING WEEK INDEX HAS WEAK SUPPORT AROUND 9000 LEVEL.ANY BREAKDOWN BELOW THIS LEVEL W...

INDIA VIX>>>> AFTER SUSTAINING POSITIVE CLOSE ABOVE 30 LEVEL, INDEX HAS MANAGED TO STOP DOWNTREND RALLY AND GIVEN CLOSE OF 38.40 WHICH IS  ABOVE THE LAST WEEK CLOSE . IN THE PREVIOUS WEEK'S TRADING SESSION, WE HAVE SEEN HUGE VOLATILITY IN THE RANGE OF 31-41. INDEX IS TRYING TO MOVE UPWARDS AT CURRENT CHART STRUCTURE INDEX FACING RESISTANCE AT 40 LEVEL ANY BREAKOUT ABOVE THIS LEVEL WE WILL SEE INDEX ALL THE WAY UP TO 45-48 LEVEL. THE MOMENTUM & TREND INDICATORS ARE INDICATING STRONG SUPPORT NEAR 32- 35 LEVEL. INDIA VIX WEEKLY CHART NIFTY 50 SPOT >>>> AS WE SAW IN PREVIOUS WEEK AFTER TRADING WITH RISING WEDGE PATTERN INDEX HAS MADE NEW HIGH OF 9889 BUT NOT BREAK THE LEVEL OF 10000.AS WE HAD ALREADY MENTIONED  IN LAST WEEK THIS WAS  STRONG RESISTANCE LEVEL FOR UPCOMING PERIOD. EVEN AT THE BEGINNING OF CURRENT WEEK  INDEX HAS OPENED GAP DOWN AT 9521.95 AND MADE A  LOW OF 9117.35 WE HAD ACHIEVED OUR L...

 MAHARASHTRA DAY  INDIA VIX WEEKLY: AS WE HAD MENTIONED IN OUR LAST REPORT INDEX  WILL FALL TILL 35-30 LEVEL. WE WANT TO CLEAR THAT INDEX HAD ACHIEVED  FIRST TARGET OF 35 AND CURRENTLY TRADING AT 33.98 AFTER MADE A LOW OF 31.48. ON WEEKLY CHART INDEX HAS STRONG SUPPORT NEAR 30 LEVEL WHICH IS SUGGESTING US MARKET HAS LIMITED UPSIDE AND WE WILL BE SEEING AGAIN SELL OFF INDEX. INDIA VIX WEEKLY WEEKLY ANALYSIS NIFTY 50 AS PER WEEKLY CHART STRUCTURE INDEX IS TRADING IN UPTREND SUPPORTIVE CHANNEL.WE HAD ALREADY MENTIONED IN OUR PREVIOUS WEEK ALSO ,INDEX HAS RESISTANCE AT 10000 LEVEL.ON THE DAY OF EXPIRY INDEX OPENED GAP UP AND MADE A HIGH OF 9889 BUT NOT BREAK THE LEVEL OF 10000. AND CURRENTLY  STRUGGLING AT 9970 WHICH IS 50% RETRACEMENT LEVEL OF PREVIOUS FALL. IF WE CO -RELATE INDEX WITH INDIA VIX  , WE ARE SEEING INDEX HAS LIMITED UPSIDE AND WILL BE STRUGGLE  AT 10000-10300 LEVEL. THE ADX INDEX IS SUGGESTING OVER ...